Italy’s Deputy Premier says the country will stay with its reforms planned in 2019 Budget

Italy's Deputy Premier Di Maoi spoke with Italian press over the weekend

• "We are ready to make major cuts on wasteful spending
• We would also eventually be ready for safeguard clauses that would protect against deficit widening. But the big reforms of this budget law need to remain in place"
• Maintains the 2019 goals for 2.4 % budget deficit & 1.5%

Article is via Bloomberg, more here …. and do note this:

1. The (European) commission is now expected to say that Italy's budget is in breach of European Union fiscal rules when it issues its opinions on euro-area draft budgets on Nov. 21.