Finance ministers from the 12 countries that share the euro last night (10 May) decided to postpone a warning to Italy over its breach of the rules that underpin the euro.
The European Commission had recommended a so-called "early warning" to Rome over its too-high budget deficit but ministers quashed the yellow card from Brussels.
Charlie McCreevy, Irish finance minister and current President of the ECOFIN group of the 25 EU finance ministers, said, "the Italian government is c...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login