Italy ‘absolutely determined’ to avoid EU sanctions over debt: PM

The European Commission last week put Italy on notice about its snowballing debt, as well as its deteriorating deficit position, reopening a political battle with Rome.

The move by the EU’s executive arm against Italy’s bloated budget begins a complicated process that — if approved by eurozone ministers — could result in an unprecedented fine of more than €3 billion, a prospect Conte said he hoped to avoid.

READ ALSO: EU threatens sanctions over Italy’s spend-happy budget

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