Originally Posted by
tarquinbeech
Back on Brexit - The markets are jittery this morning because the EU are set to reject the democratically-elected Italian Government's new budget.....yep, that's right....the Eyeties owe the EU so much money now (the number is so vast that it would choke a sperm whale) that their budget has to pass EU examination.
Eyetie Politician - Vote for me, vote for me....I'll increase the pensions
Eyetie Pensioner - Okey Dokey, here's my X.
Newly installed Eyetie Politician - Yum yum, I like the carpets in here, what did I promise them again? oh yes pensions...pass me that special-signing pen.
EU un-elected Mafiosa bloke - Not so fast Mr Eyetie.
From CNBC The European Union could derail Italy's big spending plans this week, with speculation mounting that officials in Brussels are set to reject the anti-establishment government's 2019 draft budget.
The European Commission, the EU's executive arm which checks and approves euro zone budgets before they are adopted by national parliaments, could decide for the first time ever on Tuesday to ask a member state to revise its draft budget.
The Commission has already indicated that it is not happy with the plans, warning last Thursday that the draft is in serious breach of, and an "unprecedented" deviation from, EU spending rules.