Italy’s deputy Prime Minister Matteo Salvini is accelerating the “disintegration of the European Union” with his decision to stick with his proposal for the 2019 budget, former Greek Finance Minister Yanis Varoufakis claimed.

Italy put forward plans to run a 2.4 percent of GDP deficit as part of the country’s 2019 budget, triggering an immediate crackdown from the European Union.

Matteo Salvini and top Eurocrats have exchanged insults since the proposal was made public, with Mr Salvini warning the bloc the Italian Government will retaliate to their threats.

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