The European Commission needs to take a hard line with the Italian government in the discussions over next year's budget, says Joaquin Almunia, a former European Commissioner responsible for economic and monetary affairs, and vice-president and the Commissioner for Competition. He believes the EC should open an Excessive Deficit Procedure and hopes the Italian authorities will react positively. In a wide-ranging interview, Almunia also discussed Brexit, Germany, the European Parliament elections and the likelihood of surprises in the make-up of the next European Commission leadership.
Joaquin Almunia spoke to Matthew Cowley of the UBS Knowledge Network on Nov. 14 in London.
Original air date: 14 Nov 2018