European Commission vice president, Valdis Dombrovskis, comments
- Italian government's planned 'flat tax' reform could be very expensive
- It could also have a further negative impact on public finances
In case you missed it, the European Commission triggered excessive debt procedure (EDP) measures against Italy yesterday with Dombrovskis vindicating the decision here.
It's becoming a bit of a "goes in one ear, goes out the other" kind of thing now but be mindful that this could be an issue for the euro and European assets in general if it carries on for a prolonged period.
