While Italy's deficit is well within the 3 percent limit laid out in treaties, the commission has demanded smaller gaps for Italy to bring down its debt load, the largest in Europe in absolute terms and second only to Greece's as a percentage of the economy.
The letter stated that Italy's budget proposal, which was initially announced in September was in contravention of the EU's budget regulations.
Italy's planned government spending growth of 2.7% is about 2.6% higher than the maximum allowed under European Union rules, which cap this at 0.1%, and allows the European Union executive to accuse Italy of non-compliance with the budgetary policy obligations, even as it tried to continue constructive dialogue with Italy to reach a final assessment.
The standoff has flared up today, with several EU leaders openly criticising the Italian government over its austerity-busting budget, which contravenes European Commission rules imposed on deficits.
Italy's Prime Minister defended its free-spending budget on Thursday, brushing off criticism from Brussels as the European Commission stepped up pressure over a draft it labelled an unprecedented breach of EU fiscal rules.
Italy's deficit is now projected at 2.4 percent of GDP, far higher than the 0.8 percent estimate given by the earlier centre-right government.
It includes a series of pension and tax changes that will cost 37 billion euros ($43 billion), of which 22 billion will be paid for by expanding the deficit.
"We are writing to consult you on the reasons why Italy plans an obvious significant deviation of the recommendations adopted by the Council under the Stability and Growth Pact", the two men said in the letter.
Analysts say Rome is in a good bargaining position, given the Eurozone's ongoing difficulties with Brexit.
The stable rating outlook from Moody's reflects the broadly balanced risks at the Baa3 rating level, the company said, noting that Italy still exhibits important credit strengths that balance its weakening fiscal prospects.
"Italy is headed for a showdown with Brussels and I am not sure they have much to lose", Manulife equities head David Hussey told AFP.
The European Commission is now expecting a more in-depth review of the Italian budget for next year, with officials saying Rome must make a solid case for its rising fiscal deficits.
"The 2.4% figure is a ceiling for all the various measures included in the budget, but it's not a given that all of them can be implemented because there could be technical difficulties", Giorgetti said.
The story told by President Donald Trump and the White House about payments made to Daniels has evolved over time. She is arguing that the agreement is invalid because he never signed it, and that claim is still in proceedings.
The farmer claimed the rock had fallen in the 1930s and that the new owner could have it since it was "part of the property". The man contacted Sirbescu, who identified the rock as a meteorite composed of about 88 percent iron and 12 percent nickel.
The handset comes with a fingerprint sensor on the rear unlike the in-display fingerprint sensor found on the Mate 20 Pro . In terms of connectivity, the handset offers 4G LTE, Wi-Fi 802.11ac, Bluetooth v5.0, GPS/ A-GPS, and a USB Type-C port.
She told me that her husband disappeared at the end of September - since then, he went on a business trip to China. After a 40-year policing and criminal justice career, Meng is now China's deputy minister of public security.
China was well placed to carry out this kind of attack, said Bloomberg , because 90% of the world's PCs are made in the country. Supermicro said it was unaware of an investigation, while U.S. investigators, including the FBI, declined to comment.
Post that incident, Google CEO Sundar Pichai even released a set of guidelines for ethical use of its AI tools. Google has abandoned the race to win the Pentagon's United States dollars 10 Billion Cloud Competition.
The Saints, at coach Sean Payton's insistence, took a chance on Brees in 2006, and the payoff has been extraordinary. An 11-time Pro Bowl player, Brees led the Saints to a Super Bowl during the 2009 campaign, earning MVP of the game.
Tropical Storm Michael formed near the Yucatan Peninsula on Sunday, and it's on track to wallop the United States. Scott said he will return to Tallahassee today for briefings from state and federal emergency officials at 5 p.m.
Health officials said five kids in Maryland are believed to have contracted a virus this fall that has symptoms similar to polio . But the data reported Tuesday represents "a substantially larger number than in previous months this year", Messonnier said.
A political crisis in the wake of last year's elections also led to thousands of arrests and a number of deaths. Kolken says criminals sometimes embed themselves in migrant caravans and target unsuspecting individuals.
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Trump says he’ll talk to Saudis about missing journalist
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