Italy faces potential fine from EU for rising debt

BRUSSELS (AP) — Italy’s unstable government was put on notice Wednesday that it may face a fine from the European Union for not getting the country’s debt levels down.
In a report on Italy’s debt situation, the executive European Commission urged Rome to take more cost-saving measures, worth up to 0.2 percent of its annual GDP — that’s unlikely to go down well in the center-left government as it faces the possibility of elections this year or next.
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