EU governments' officials back EC's assessment that procedure over Italy's debt is warranted

Eren Sengezer FXStreet

Citing an EU official familiar with talks, Reuters recently reported that the EU governments' officials back the European Commission's assessment that the disciplinary procedure over Italy's debt is warranted.

The EUR/USD pair largely ignored this headline and was last seen trading at 1.1320, where it was up only 0.07% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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