EU moves closer to debt action as Italy angles for compromise

FILE PHOTO: Italy's Minister of Labor and Industry Luigi Di Maio, Prime Minister Giuseppe Conte and Interior Minister Matteo Salvini leave at the end of a news conference after a cabinet meeting at Chigi Palace in Rome, Italy, October 20 2018. REUTERS/Remo Casilli/File Photo

ROME/BRUSSELS (Reuters) – The European Union moved closer on Tuesday to taking disciplinary action over Italy’s growing debt, as authorities in Rome made tentative steps to avert a procedure that could saddle the country with large fines and alienate investors. Envoys of EU governments agreed that action was warranted, a confidential document seen by Reuters […]

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