Italy’s Deputy PM Salvini: EU could slap EUR 3 billion fine on Italy for excessive debt

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In an interview with RTL radio, Italian Deputy Prime Minister Matteo Salvini said, “I will use all my energies to fight outdated EU fiscal rules”.

He further added: “Let’s see if we get this letter where they give us a fine for debt accumulated over the past and tell us to pay 3 billion euros.” 

Reuters quoted two Eurozone officials on Monday, saying that Brussels was likely to start disciplinary steps against Italy on June 5 over its public finances. A warning letter from the Commission is expected to be sent to Rome this week.

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