Brussels is set to issue a formal warning to Rome over concerns that Italy's far-reaching "golden power" rules may breach European Union law, the Financial Times said on Friday, citing two European officials.
The newspaper reported that Brussels was poised to issue a "letter of notice" to Italy, which marks the formal start of an infringement procedure under which Rome will be accused of potentially breaching EU law.
Reuters could not immediately confirm the report. The European Union did not immediately respond to a request for comment on the FT report.
Rome's so-called golden powers are aimed at safeguarding the national interest in strategic sectors such as defence and telecommunications. Italy is one of a number of EU countries which have also applied that legislation to the banking sector.
Reuters reported last month that Italian Economy Minister Giancarlo Giorgetti planned to seek clarification from the EU's financial services chief Maria Luis Albuquerque over disciplinary measures the European Commission is preparing to launch against the Italian legislation.
Reuters also reported in October that the Commission will act against Italy's golden power legislation as part of a push against EU countries hampering bank consolidation in Europe.
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Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russi...
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to ...
Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a $23 billion aid appeal on Monday (8 December) which is half of last year's request, acknowledging a plunge in donor funding.
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russian drone barrage, leaving several civilians wounded as the conflict approaches the end of its fourth year.
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from external volatility by turning inward, pledging to "keep expanding domestic demand" through a suite of "more proactive" policies.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to know.
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Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a $23 billion aid appeal on Monday (8 December) which is half of last year's request, acknowledging a plunge in donor funding.
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russian drone barrage, leaving several civilians wounded as the conflict approaches the end of its fourth year.
Nigerian authorities says they've rescued a 100 children after gunmen abducted 303 pupils and 12 teachers from a Catholic school in Papiri on 21 November.
Following a high-level meeting of the Communist Party leadership on Monday, state media confirmed that China will seek to insulate its economy from external volatility by turning inward, pledging to "keep expanding domestic demand" through a suite of "more proactive" policies.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of December, covering the latest developments you need to know.
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