BUSINESS
Austria accused Italy of financial failure even before the coronavirus crisis - Economo
BUSINESS

Austria accused Italy of financial failure even before the coronavirus crisis - Economo

Published: July 7, 2020  |  5 min read, 1049 words
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The billion-dollar dispute escalates: According to the will of the European Commission, the 27 Member States will use 750 billion EIR to rebuild their economies after the coronavirus crisis. In addition, the countries have long been discussing the EU’s medium-term financial framework (MFF) – the EU’s budget for the next seven years – which is expected to amount to 1.1 trillion EUR.Austria is now publicly accusing Italy, Europe’s “problem child”, of fiscal failure. “The virus is not to blame for their financial situation over the last ten years”, said Austrian Finance Minister Gernot... READ MORE
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