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.
World leaders gather in New York for the 81st UN General Assembly, with conflicts in the Middle East and Ukraine, global security and diplomacy set...
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s ...
Iran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports, a se...
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s energy sector, critical infrastructure, and food exports, as he prepared to meet U.S. President Donald Trump in New York.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes military action against Tehran.
Iran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports, a senior Iranian official told Reuters on Tuesday.
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Service has said.
Russian parliamentary elections have delivered a comfortable win to the ruling United Russia party, which is closely aligned to President Vladimir Putin. With more than 95 per cent of ballots counted, United Russia has taken 57.83 per cent of the vote, up from the 49.8 per cent it won in 2021.
World leaders gather in New York for the 81st UN General Assembly, with conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the week long high-level debate.
A former Rwandan official has appeared in a London court, becoming the first person in the UK to face charges linked to the 1994 genocide against the Tutsi in Rwanda.
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s energy sector, critical infrastructure, and food exports, as he prepared to meet U.S. President Donald Trump in New York.
Turkish President Recep Tayyip Erdoğan has called for the abolition of veto powers and permanent membership on the United Nations Security Council, proposing a system in which all members would instead be elected for fixed terms.
Survivors of a Nigerian detention centre where 37 people died say guards sprayed an unidentified substance into an overcrowded cell and kept the doors locked while detainees struggled to breathe and cried for help.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment