The
European Union warned Italy
last week that the budget deficit of the Italian Republic
was billions of dollars too high and that a penalty would be imposed for
violation of the EU’s budgetary rules.
The Italian Government is attempting to clarify. Italy has one of the highest debt
burdens in the world. It was also among
the foreign States cited last week by the United States for budgetary
concern.
A new technocratic
government appointed by the center-left President of Austria has been sworn
into office, after the loss of parliamentary confidence of the Chancellor of
the main center-right party, whose coalition collapsed after the Vice
Chancellor from the far-right “nationalist” junior partner was caught last
month soliciting campaign finance contributions from the Russian Federation . The far-right Cabinet had resigned. Their party performed poorly in the European
Parliamentary elections, despite gains by far-right anti-immigrant parties
elsewhere. New Austrian parliamentary
elections will be held this summer.
No comments:
Post a Comment