Italy joins Greece under scrutiny for misreporting data

After the crisis caused by the misreporting of Greek economic data, concerns have now also been raised that Italy may have misreported data it sent to the European Commission.

A report drawn up by the European Commission has alleged that Italy has been underestimating its deficit since 1997.

A spokeswoman for economic and monetary affairs Commissioner Joaquin Almunia on Tuesday expressed "concern" about the figures adding that they were awaiting results from a working group lookin...