The EU’s highest court on Wednesday rejected Hungary and Slovakia’s objections to a European-wide migration relocation scheme, laying bare an east-west split among EU member states. Source: Anadolu Agency
Italy faces an “Excessive Deficit” ruling, the first in EU history. Italy’s response is a parallel currency proposal, dubbed mini-Bills of Treasury (Mini-BOTs) Source: Mish Talk
Serbia ordered its troops on full alert on Tuesday and Russia accused Kosovo of provocation after a Kosovan police anti-crime operation in a region populated mainly by Serbs led to clashes. Source: Reuters
Matteo Salvini has called for a “fiscal shock” of tax cuts in Italy as he exerts his influence after a resounding victory in the European elections, but Brussels is preparing to hit back over Rome’s budget plans. Source: Financial Times
