EU again rejects Italy budget

Brussels, Nov 21 (IANS) The European Commission on Wednesday rejected Italy's draft budgetary plan for 2019 again, paving the way for disciplinary procedures against the eurozone's third-largest economy.

European Commission Vice President Valdis Dombrovskis said in a press briefing that "with regret, that today we confirm our assessment that Italy's draft budget plan is in particularly serious non-compliance with the Council recommendation of July 13," Xinhua news agency reported.

"We conclude that the opening of a procedure for excessive deficit based on the debt is thus warranted," Dombrovskis added.

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