EU asks Italy to better explain debt or face legal action

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EU asks Italy to better explain debt or face legal actionEurope'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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