Brussels is set to issue a formal warning to Rome over concerns that Italy’s far-reaching “golden power” rules may breach EU law, two European officials have said.
The European Commission has been critical of Italy’s use of the golden power rules, which were originally introduced in order to vet foreign takeovers of strategic Italian assets and give Rome the right to impose requirements on transactions considered to involve national security.
On Friday, Brussels was poised to issue a “letter of notice” to Italy, which marks the formal start of an infringement procedure under which Rome will be accused of potentially breaching EU law, the European officials said.
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