World News: 13:13 GMT Wednesday 12th June 2019. [Yahoo Business News Feed via SPi World News]
Europe's economy commissioner on Wednesday urged the Italian government to quickly provide any new information it might have to explain its high debt levels or face the prospect of imminent legal action. 'The ball is in Italy's court,' he said. The European Commission, which supervises budget plans in the 28 member states, says that Italy's public debt stood at 132.2% of GDP in 2018, far above the EU's 60% limit.
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