Italy’s PM Conte: Will resign if ruling parties not willing to reach budget compromise with the EU

The Italian PM Conte is on the wires now, via Corriere Della Sera, reiterating that the threat to resign if ruling parties not willing to reach a budget compromise with the EU.

Additional Comments:

EU disciplinary procedure against Rome could expose the nation to market shock, possible credit downgrade and put Italian savings in risk.

Wants to lead talks with the EU over fiscal policy together with economy minister Tria.

Ruling League party’s proposal for new govt securities called ‘mini bots’ has many technical drawbacks.