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EU will propose changes to Italian budget if needed, Juncker saysThe European Commission will not interfere in Italy's budget planning and assess the budget without bias but propose changes if necessary, European Union Commission President Jean-Claude Juncker told Austrian newspapers.
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Italian bond yields spike to 4-year highs as the EU slams its new budget planItalian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grew cautious over lending to the embattled government after it unveiled new budget plans.
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Italian savers send Rome a warning on debtPrivate investors are shunning an issue of sovereign bonds reserved for them. Lacklustre interest in the “BTP Italia” undermines hopes that households will replace fleeing foreign buyers. It’s also a first sign of domestic discontent over Italy’s budget clash with the EU.
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