A senior EU official said Thursday
that the European Commission was confident Italy would end up
ratifying the reform of the European Stability Mechanism (ESM)
after the Lower House on Wednesday approved a motion calling on
the government not to do so.
The reform is controversial in Italy over fears it could reduce
the nation's sovereignty on budget issues.
"I am confident Italy will fulfil its political commitment (to
ratify the ESM)," the official said in view of Monday's
Eurogroup meeting in Brussels.
"Dialogue with the new Italian government has started well. We
are confident that it will remain positive".
The official added that a possible failure to ratify by Italy
would not have a major impact in practical terms at the moment,
as the German Constitutional Court still has not ruled on the
reform.
Photo: ESM Managing Director Pierre Gramegna.
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