EU’s Dombrovskis: Have reached a deal on Italy’s budget; no excessive deficit procedure for Italy

The European Commission vice president, Valdis Dombrovskis, addressing the press conference on Italy budget talks, confirmed that the Commission has reached a deal with Italy on budget.

Key quotes:

   •  The deal has been reached on 2019 budget with Italy.
   •  Allows avoiding excessive deficit procedure.
   •  However, says that solution on Italy budget is not ideal.
   •  Disciplinary steps can be avoided provided Italy fully implements agreed measures.