EU is expected to open a disciplinary procedure over Italy 's spiralling debt, but offer six months for the country's government to address its most pressing economic shortfalls, rather than one , according to minutes of an EU meeting. In 2018 , Italy 's debt reached more than 132% of GDP, far beyond the EU limit of 60% , and is expected to climb even further. Economic commissioner Francesco Guarascio said the decision to give Brussels until next January aimed to prevent the EU 's position from being "exploited for political ends in certain quarters in Italy ".
The European Commission is expected to open a disciplinary procedure over Italy's spiralling debt, but offer six months for the country's government to address its most pressing economic shortfalls, rather than three, according to the minutes of an EU meeting. In 2018, Italy's debt reached more than 132% of GDP, far beyond the EU limit of 60%, and is expected to climb even further. Economic commissioner Pierre Moscovici said the decision to give Italy until next January aimed to prevent the EU's position from being "exploited for political ends in certain quarters in Italy".