The European Commission is set to reprimand seven EU nations, including France, Italy, Slovakia, Belgium, Malta, Hungary, and Poland, for exceeding deficit limits in 2023. France's budget deficit exceeded 150 billion euros, representing 5.5% of its GDP, while Italy's deficit was also above 5.5%. The infringement procedures, which target countries with deficits exceeding 3%, could lead to significant fines and come just weeks before elections in France. The Commission's proposal will be reviewed by EU finance ministers in July.
🇪🇺 🇫🇷 🇮🇹 *EU PUTS SEVEN COUNTRIES INTO EXCESSIVE DEFICIT PROCEDURES - BBG *EU SLAMS #FRANCE, #ITALY, SLOVAKIA, BELGIUM, MALTA DEFICITS *EU ALSO PUT HUNGARY, POLAND INTO EXCESSIVE DEFICIT PROCEDURES
⚠️ EU COMMISSION PROPOSES STARTING DISCIPLINARY BUDGET STEPS AGAINST BELGIUM, FRANCE, ITALY, HUNGARY, MALTA, POLAND AND SLOVAKIA OVER EXCESSIVE DEFICITS **EU COMMISSION PROPOSAL TO BE APPROVED BY EU FINANCE MINISTERS IN JULY, COMMISSION PROPOSAL ON DEADLINE FOR THE SEVEN…
EU to reprimand France, Italy, and others over excessive spending https://t.co/b10aTHw62j https://t.co/wbPWNO6Hjs
Eleven EU countries have budget deficits exceeding 3% At the same time, seven of them, including France, where the budget deficit exceeded 150 billion euros (5.5%) and Italy (also above 5.5%), will receive a reprimand from the EU today, says Bloomberg. https://t.co/7EvczJPZIi
The EU is set to admonish France for breaking the bloc’s deficit rules, triggering a process that can lead to onerous fines and complicating campaign priorities less than two weeks before elections https://t.co/XYj36c3Af7 vía @bpolitics
#France, #Italy Among EU Nations to Be Reprimanded Over Deficits - Bloomberg
🇫🇷 🇮🇹 🇪🇺 #France, #Italy Among EU Nations to Be Reprimanded Over Deficits - Bloomberg https://t.co/vSVjqoBIk9 https://t.co/HcfYu2J2uH
Today, the European Commission will announce infringement procedures for countries with excessive deficits (per definition , exceeding 3%) Italy and France among them https://t.co/WnMUcRArKD
France and Italy will be among seven countries that will face an EU infringement procedure for their excessive deficits last year, sources say https://t.co/e1B6VxOsN2
France, Italy among seven EU nations to be reprimanded over deficit https://t.co/cPLxxUe9eh via @europressos https://t.co/9yGxTo6BBW
FRANCE AND ITALY, ALONG WITH FIVE OTHER EU COUNTRIES, FACE REPRIMANDS FROM THE EUROPEAN COMMISSION FOR EXCEEDING DEFICIT LIMITS IN 2023
France, Italy Among 7 EU Nations to Be Reprimanded Over Deficit https://t.co/hg2LYqBY33
Brussels to chide France over deficit as spending clash looms. Brussels is to reprimand France this week for breaching EU budget rules but is already bracing for a potentially far more serious clash with Paris should the far right or left take power. The European Commission is… https://t.co/7ZmyWGLSU6
(W-What?) The @EU_Commission is expected to initiate its Excessive Deficit Procedure against #France this week, an action designed to force member states to get poor #public finances in line with #EU rules, chart @markets https://t.co/UUC0iCCiFu https://t.co/yBNI9Fvp5L
The @EU_Commission will soon propose opening the Excessive Deficit Procedure for several countries. The ones to watch are 🇮🇹🇫🇷🇧🇪🇪🇸, which account for 50% of Eurozone GDP and 65% of outstanding Eurozone public debt. Current politics is not conducive to needed fiscal adjustments... https://t.co/9YE8aAm4pl https://t.co/qCd5kRo2ju