Italian Economy Minister Pier
Carlo Padoan said Thursday that Brexit may not end up being an
"isolated case," arguing that the European Union risked "other
departures" without a "drastic" change of strategy.
Padoan was speaking in Paris, where is taking part in the
Capital Markets Summit 2017.
Rome has been calling for the EU to be less rigid in the
application of its budget rules, adding that it is unfair that
Brussels had not been equally strict with member States who have
failed to do their bit to help Italy cope with the Mediterranean
asylum-seeker crisis.
The European Commission said Wednesday that Italy risked
infringement procedures if it did not deliver an adjustment to
reduce its structural deficit by 0.2% of GDP by the end of
April.
In a report on Italy's debt, the Commission said the country
suffered excessive macroeconomic imbalances and lamented a slow
down in its pace of reform.
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