BRUSSELS (Reuters) - The European Commission will ask Italy on Wednesday to explain what factors contributed to the deterioration of the country's public finances as the EU executive prepares a report that is likely to be the basis of disciplinary action against Rome.
The Commission's request, in the form of a letter to Italy's finance minister Giovanni Tria, is a legal obligation under EU law when a country has a public debt above the EU ceiling of 60% of gross domestic product and is not reducing it as required.
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