According to a report by La Repubblica
Awaiting more details on this still but there's hasn't been much of a major reaction in the euro to this yet. EUR/USD is trading at session lows though at 1.1588 but sits in a 30 pips range so far.
It's not really a major surprise that the EU is not in favour of Italy's supposedly 2.4% deficit target. But any further confirmation of that will weigh on Italian assets - as it will later today when markets open - and potentially have a spillover effect on the euro/risk sentiment.
h/t @ LiveSquawk
