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".
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