European Commission rejected revised Italian budget saying that the draft document is in serious non-compliance with EU rules. The excessive debt procedure may now be applied to Italy and the European officials already said it is warranted. Nevertheless, the Italian government maintains that its budget proposal is completely valid. EURUSD moved to new session’s high following the decision.
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".