Timeline of EU disciplinary procedure over Italy's debt
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BRUSSELS (Reuters) - The European Commission has asked Italy to adopt new measures to cut its growing public debt and avoid an EU disciplinary action that could lead to financial sanctions and stricter oversight of the country's fiscal policies.Italy narrowly averted such sanction procedure late last year, when it reached an agreement with the Commission, the European Union's executive, over its 2019 budget. The Commission had initially rejected the budget, saying it would not cut Italy's large..