EU warns Italy to slash rampant public debt

BRUSSELS (AP) — The European Union says it’s concerned about Italy’s debt and is warning the government in Rome to shore up its public finances.
European Commission Vice-President Valdis Dombrovskis said Wednesday that Italy’s “public debt ratio is not expected to decline in coming years due to the weak economic outlook and government fiscal plans.”
Dombrovskis said “reform momentum has stalled” and noted “some reversals,” particularly