El446, actually EU hasn't decided anything. Surely they objected to the latest loan (should I say last ?), thing that has NOT prevented the Italian Gov to go ahead. In fact the italian gov. (past and present) embraces EU policies when it's convenient for them, and ignore them when it's not.
Now as I said in another thread, yet another bailbout from the Gov is unlikely, not because the EU watchdog, but for internal political reasonss that can be boring to repeat here.