Arab Today, arab today italian pm vows to publish cost of eu institutions in budget row
Last Updated : GMT 20:43:36
Arab Today, arab today
Arab Today, arab today

Italian PM vows to publish cost of EU institutions in budget row

Arab Today, arab today

Arab Today, arab today Italian PM vows to publish cost of EU institutions in budget row

Italy's Prime minister Matteo Renzi
Brussels - AFP

Italian Prime Minister Matteo Renzi on Thursday announced his intention to make public the cost of the European institutions, as a row exploded over his country's budget plans.
European Commission head Jose Manuel Barroso sharply criticised Italy earlier Thursday for publishing a letter from the EU requesting clarifications on Rome's rule-breaking budget.
Renzi, attending an EU summit in Brussels, responded with his promise to shed light on Brussels' own spending.
"We will publish data on everything that is spent by these palaces. We're going to have some fun," he said on the margins of the summit.
He added that he was surprised at Barroso's response to the publication of the EU letter, as the details had already published by the Financial Times and an Italian daily.
"The Italian budget poses no problems," he insisted.
Hours before the EU summit, the Italian finance ministry released a letter from the EU's Economic Affairs Commissioner Jyrki Katainen, marked "strictly confidential", drawing the fury of Barroso.
The president of the EU's executive said the Commission was against this "unilateral" decision by the Italian government, preferring that negotiations on its budget take place behind closed doors.
Barroso, who steps down on October 31, said the Commission was "in consultations" with several countries over infringement of the rules and "it's better this happen in a context of trust".
French President Francois Hollande said his country had also received an EU Commission letter requiring a reply by the end of the week.
The dialogue with Brussels continues "in very good conditions", he said, stressing France's commitment to EU budgetary rules but "with the maximum flexibility".
French officials said that there was no intention to publicise the details of the "a private letter".
France's budget forecast shows a 4.3 percent GDP deficit in 2015, far above the expected three percent.
Last week, member states which use the euro currency submitted their spending plans for next year to the Commission, which won vast new powers of oversight from member states at the height of the eurozone debt crisis.
The Commission has so far refused to confirm or deny that France and Italy, along with Austria, Slovenia, Malta and Finland have all been notified that their submissions are problematic.
In Italy's case, the budget squarely misses structural reform commitments, even though it forecasts a deficit well within the EU's three percent of output ceiling.
The Commission has until Wednesday to decide whether Italy and the other countries are in "serious" breach of the rules, and the letter was the official warning that it may do so.
But admonishing France and Italy, the second and third-biggest eurozone economies, and formally demanding a change to their budget would be a huge political risk.
The fallout in France, with soaring unemployment and a stagnant economy, is especially a worry with the anti-EU far right becoming a dominant force.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italian pm vows to publish cost of eu institutions in budget row Arab Today, arab today italian pm vows to publish cost of eu institutions in budget row

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italian pm vows to publish cost of eu institutions in budget row Arab Today, arab today italian pm vows to publish cost of eu institutions in budget row

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday