Italy and the EU are on a collision course once again over Rome's ballooning public debt just six months after the two averted a similar budget crisis
The European Union threatened to punish Italy for flouting budget rules, but Rome is unlikely to heed the EU unless it faces investors’ wrath.
Italy’s public debt, which is more than double the EU limit and is rising, prompted the bloc’s executive arm Wednesday to call for steps to shrink the country’s budget deficit.
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