Finally an end to the budget saga?
Next 24-48 hours crucial for maintaining our promises, avoid EU disciplinary action
Government has no desire to be hit by EU disciplinary action
EU deficit/GDP rules must be the same for France as well as Italy
Italian politicians are going to be rubbing this in everyone else's face for a generation. With the measures Macron announced yesterday, France is now likely outside of deficit rules.
The Italian bond market is calm today with 10s up 1 bps to 3.11%.
