EU Commission calls out France and Italy for incurring excessive new debt
Seven nations within the European Union allegedly disregard the EU's fresh lending regulations, with France and Italy among the transgressors. The European Commission has taken action against these nations, owing to significant debt surpluses.
In response, the European Commission has begun enforcement actions against France, Italy, plus five additional EU members due to excessive new borrowing. These seven nations have demonstrated an oversized financial deficit, as reported by the Brussels authority entrusted with upholding EU loan guidelines.
In a nutshell at ntv.de
Seven EU countries confront disciplinary action for flouting borrowing regulations, with France and Italy among the miscreants, due to an excessive debt surplus.
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The EU Commission has initiated the deficit procedure against France and Italy, along with five other EU members, due to their collective excess in new debt. This action comes as these nations have shown a significant financial deficit, as pointed out by the EU Commission responsible for enforcing loan guidelines.
