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.
Armenia has confirmed the arrival of a second shipment of petroleum products from Azerbaijan, underscoring expanding economic ties between the two cou...
Azerbaijan said it's conducting due diligence ahead of a potential $250–270 million investment in Israeli desalination company IDE Technologies, acc...
Former NATO Deputy Secretary-General Rose Gottemoeller has warned that Europe could face a future without U.S. nuclear deterrence....
U.S. President Donald Trump is expected to announce the creation of a Gaza “Board of Peace” next week as part of the second phase of the ceasefire...
The 240-megawatt Khizi-Absheron Wind Power Plant has been inaugurated in Azerbaijan on Thursday (8 Jan) by President Illham Aliyev, who described the ...
Armenia has confirmed the arrival of a second shipment of petroleum products from Azerbaijan, underscoring expanding economic ties between the two countries following the recent peace process. Yerevan's Ministry of Economy’s spokesperson, Lilit Shaboyan, verified the delivery.
U.S. President Donald Trump is expected to announce the creation of a Gaza “Board of Peace” next week as part of the second phase of the ceasefire agreement aimed at ending the conflict in Gaza, according to reports.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of January, covering the latest developments you need to know.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
Former NATO Deputy Secretary-General Rose Gottemoeller has warned that Europe could face a future without U.S. nuclear deterrence.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of January, covering the latest developments you need to know.
Russian attacks late on Wednesday (7 January) left almost all of Dnipropetrovsk and Zaporizhzhia regions without electricity, Ukrainian authorities said, amid freezing temperatures and worsening winter conditions.
A 37-year-old U.S. citizen was shot dead by a federal immigration agent in Minneapolis on Wednesday (7 January) during an Immigration and Customs Enforcement (ICE) operation, sparking protests and an investigation.
Power has been fully restored to a neighbourhood in Berlin after an arson attack triggered a blackout that lasted more than four days - the second such incident in the city since September.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment