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Euro zone governments back Commission against Italy over debt rise

Kitco News

BRUSSELS (Reuters) - Euro zone deputy finance ministers supported on Tuesday the European Commission’s view that disciplinary action against Italy over the country’s rising debt is warranted, a European Union official said.

The deputy finance ministers, called the Economic and Financial Committee (EFC), discussed the Italian case on Tuesday after the Commission issued a report last week saying Italy was breaking EU rules by not reducing its public debt.

“The EFC has adopted its opinion on Italy — fully in line with the Commission’s assessment,” the EU official, with insight into the EFC’s work, said.

Reporting By Jan Strupczewski; Editing by Frances Kerry

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