EU's Dombrovskis says Italy's deficit plans are not compliant with EU rules

Comments by European Commission vice president Valdis Dombrovskis

  • Hopes that Italian government won't engage in euro speculation

Further evidence that the EU is surely not going to be accepting Italy's budget proposal if they insist on sticking with the 2.4% deficit target. Expect this to be weighing more on Italian assets the closer we are to the 15 October proposal date.

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