Budget damaging for all - Dombrovskis

(ANSA) - Brussels, October 23 - European Commission Vice President Valdis Dombrovskis said the Italian budget plan risked harming the whole bloc as he explained the decision to give the package the thumbs down. "Europe is built on cooperation. The eurozone is built on close bonds of trust... with rules that are the same for everyone," Dombrovskis told a press conference. "If the trust is eroded, all the member States are damaged, our union is damaged. "If a looser fiscal policy hits confidence, in reality it can have the opposite effect on growth".