Reuters reports
- EU commission may open discipline process for Italy budget, risking $4B fine
- Italy's Salvini: I will use all my energies to fight outdated EU fiscal rules
That should provide a bit of a relief to Italian bonds but I reckon the damage is already done at this point. The fact that it could potentially be an issue if things continue down this path, which it will, then surely the spat between Italy's government and the European Commission is far from being over.
