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Italy’s problem is a serious problem, not yet a threat to European stability – Juncker

cde.news desk · 1 min read
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epa07479758 Italian Premier Giuseppe Conte (R) and European Commission President Jean-Claude Juncker during a joint press conference at the end of their meeting at Palazzo Chigi in Rome, Italy, 02 April 2019. Juncker is Rome on an official visit. EPA-EFE/MAURIZIO BRAMBATTI

European Commission President Jean-Claude Juncker said Tuesday the EC thought Italy was going the wrong way in fiscal terms and risked an infringement procedure for breaking the deficit and debt rules.

“We think that Italy is moving in the wrong direction, therefore we must take relevant decisions in this field, but I think that Italy risks in the next few years to be in the procedure for excessive deficits,” he told Politico.eu in an interview.

Asked if Rome was a threat to European stability, Juncker replied “not yet”.

Juncker said that he did not want to “humiliate” Italy but “this problem of Italy is a serious problem”.

He said “I don’t want to humiliate the Italian Republic with public declarations, because I have the greatest respect for various reasons, but we think that it is moving in a wrong direction.”.

Via ANSA

Topics EconomyItalyJean Claude Juncker