Austrian FinMin Loeger: Italy is taking the EU hostage by breaching budget rules

Reuters reports comments from the Austrian Finance Minister Loeger, as he speaks about the Italian budget woes.

Loeger said that Italy is taking the EU hostage, adding that breaching budget rules would open door to other countries to do the same.

Earlier today, Italy´s newspaper, La Repubblica, reported that the Italian government is likely to tell the European Union (EU) that is going forward with the budget plan.

Oct 22, 2018

Moody´s Zandi: Italy´s budget plan is a ´mistake´ - La Stampa

According to the Italian newspaper, La Stampa, Mark M. Zandi, Chief Economist at Moody’s Analytics, reiterated that Italy´s budget plan is a ´mistake´

Markets: Focus on Italy, Brexit and the coming ECB meeting – Danske Bank

Analysts at Danske Bank suggest that with no big data in the calendar today, markets will continue to focus on Italy, Brexit and the coming ECB meetin