this is a bit of a business i'm john nelda milan in berlin good to have you with us the european commission is not amused it's taken the 1st step and triggering disciplinary action against italy for its excessive public spending italy could end up paying billions and finds out a time where the country's fragile coalition government is already under pressure to deliver on expensive election promises. the european commission's message is loud and clear it's the end of the line for italy's ballooning public debt. you know it's i suppose for recovery and growth the only other member states go over the take and it was a success so this force renewed for a 4th spending more transitional fiscal space to boost italy's current debt stands at 132 percent of annual g.d.p. in other words the country owes far more than the value of its entire economic output under e.u. rules member states aren't supposed to amass debts that exceed 60 percent of their annual g.d.p. . italy has been ruled by a coalition of the likud party and 5 star movement during the election they promised to end government cutbacks and

business i'm john nelda milan in berlin good to have you with us the european commission is not amused it's taken the 1st step in triggering disciplinary action against italy for its excessive public spending italy could end up paying billions and finds out a time where the country's fragile coalition government is already under pressure to deliver on expensive election.

business i'm john nelda milan in berlin welcome united states lawmakers have launched an investigation into silicon valley's biggest names today the probe by the house judiciary committee marks congress's 1st review of the tech sector which until now regulators had left relative.