Weekend Italy politics and budget … "Tricky stuff"

Italian politics is set to get more and more, umm, interesting in coming weeks and months

Last week we got news the budget is going to have a juch bigger spend than the EU qould wish

From Friday:

• Italy hikes deficit, defying EU, as economy minister caves in

which led to this....

• Italian bond yields surge in early trades as investors digest budget deficit announcement

and a sloppy Friday for the EUR during UK. Europe time …

Over the weekend Italy's PM Mattarella the governing coalition of its constitutional duties to seek a balanced budget and sustainable public debt.

Says UniCredit Group:

• "If President Mattarella goes on the attack, constitution in hand, and opinion polls suggest that he has strong backing, the government will need to rethink its budget plans
• "Tricky stuff, but worth watching carefully."

That is via a Bloomberg run down, more here at the link