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EEA - The Roman Chariot Race - The Facts The Fiction
The European Equity Fund Inc.
Bloomberg states:
"The European Commission could decide as soon as June 26 to trigger a disciplinary procedure against Italy in order to force the government in Rome to clean up its public finances.
Here are the next steps:
The commission has to propose opening a so-called Excessive Deficit Procedure:
- That could happen when the commissioners meet Wednesday or on July 2
Their decision needs to be endorsed by EU finance ministry officials
- That could happen at their regular monthly meeting on July 1-2
EU finance ministers meeting on July 8-9 will have to