Arab Today, arab today italian pm vows to publish cost of eu institutions in budget row
Last Updated : GMT 16:12:16
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.

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 Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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