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A farewell ceremony is planned for the EU's military chief - Gustav Hägglund (Photo: Council UE)

WEDNESDAY in the European Union

This mid-week will be marked by the European Commission dishing out harsh words to several member states for breaching the rules that underpin the euro.

Both the Netherlands and Italy are set to have the so-called early warning system initiated against them - the first monitoring step taken by the Brussels executive when countries fail to keep their budget deficits under three percent of GDP.

It will be a bitter pill for the Netherlands to swallow as it was among the most vocifer...

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A farewell ceremony is planned for the EU's military chief - Gustav Hägglund (Photo: Council UE)

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