FRANKFURT (Reuters) - Italy has violated European Union budget criteria for years, European Economic Commissioner Pierre Moscovici said on Wednesday, adding that the French and Italian budget situations were not comparable.
France will overshoot the EU’s budget deficit ceiling next year without deeper spending cuts after President Emmanuel Macron caved in to anti-government protests.
The spark of a debt revolt is what happened in France. We will see more of this. I think i is fair t ask, how many of those French protesters were around when much of the debt was incurred? We get a contradiction, he millennial wants to behave, but his interst charge rise faster hen boomer retire and debt spirals. So, the millennials everywhere will demand some fundamentals on this, they did not vote for that stuff, an they are not confirming their liability by voting for payments today. I can see their position, how much of our future should our parents own? Eventually they are gone and we hold the consequences to pass along.
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