
Italy: Revise/Resubmit, but Rome is Likely to Maintain a Defiant Attitude
The European Commission (EC) has on 23 October asked Italy to revise and resubmit its draft budgetary plan (DBP). The EC had already identified serious non-compliance with Italy’s budgetary obligations, making today’s request to revise the DBP almost inevitable. Now that the relevant letter has been sent, Rome will have…