Italy Is Posing A Far Bigger Challenge For Brussels Bureaucrats Than Brexit

Stephen king
From a British perspective it is all likewise tardily to imagine that the exclusively thing that matters inwards life is Brexit. From a European perspective, however, Brexit is non the biggest headache. Threatening to get got dorsum command when you lot are exterior the unmarried currency expanse is bad enough. Threatening to create in addition to hence when you lot are the eurozone’s 3rd largest economic scheme is far worse. If I were a Brussels bureaucrat I would hold out to a greater extent than worried most Rome than Westminster. Countries inside the eurozone are supposed to stick to the financial rules; free-riders are frowned upon. If a dry soil misbehaves it tin hold out placed nether the European Commission’s excessive deficit procedure. There are 2 possible triggers: first, the country’s budget deficit exceeding iii per cent of GDP;…

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