EU warns France, Italy over budgets, but rows unlikely

STRASBOURG (Reuters) - The European Commission said next year's draft budgets for France and Italy could be in breach of European Union fiscal rules and it asked for clarification by Wednesday in letters sent to the countries' finance ministers.The EU executive has also issued budget warnings to Finland over its spending, and to Spain, Portugal and Belgium who have submitted incomplete budget plans because of recent elections. The EU's move on Italy is seen as necessary, given Rome's plans to..