EU’s Dombrovskis: Italy’s Govt is basing budget on overly optimistic assumptions

The Vice President of the European Commission Valdis Dombrovskis is out with some strong remarks on the Italian budget.

Key Points:

Italy’s Govt is basing budget on overly optimistic assumptions.

Italy’s hopes of econ stimulus from increased public spending are not materializing.

EU assessing need to open excessive deficit procedure against Italy.