Italian government bond yields dropped across the board, and the gap between the yield on the 10-year benchmark and its German equivalent narrowed.
Moments ago, Spiegel confirmed this when it reported that the "dispute between the EU Commission and Italy's populist government is entering the next round" after EU Commissioner Guenther Oettinger said that the EU Commission would reject Italy's 2019 budget plan, which is not compatible with EU rules.
The weeks of wrangling that preceded the budget's approval and the previously announced plan to raise the deficit took markets on a roller coaster ride, but its passage by Conte's cabinet seemed to be saluted with relief. "On the strength of this position, we go to Brussels with a budget that we are proud of and that we want to discuss without prejudices".
At the same time the 19 countries sharing the euro want to integrate more deeply in economic terms, by giving more powers to their bailout fund ESM, setting up a euro zone budget and a euro zone-wide deposit insurance scheme.
The spending boost is essentially due to what the government calls its "people's budget", a series of pension and tax changes that will cost 37 billion euros ($43 billion), of which 22 billion will be paid for by expanding the deficit.
Brewers fall 5-2 to Dodgers in Game 5
The rest of this series will play out in Milwaukee, and the Dodgers positioned themselves by winning two of three games at home. Clayton Kershaw struck out nine over seven innings and Max Muncy drove in the run to give Los Angeles the lead for good.
European authorities are already shown to be critical to the figures made public by Italy at the beginning of the month, especially as the public deficit, expected to reach next year to 2.4% of the gross domestic product (GDP). Italy's budget puts its economy minister, Giovanni Tria - seen as a moderate influence in the coalition - in a hard position as he has pushed for lower spending but was overruled by the coalition leadership.
Earlier, Spiegel magazine reported that the Commission has already chose to reject the budget plan, citing comments from Oettinger. One of the key forecasts in the budget is that Italy's high debt to GDP ratio, of around 130 percent now, will decline to 126.7 percent of GDP in 2021. We're dealing with an global shame, and Mr Macron can't pretend he doesn't know.
This contravenes European Union regulations that call on Italy and other highly indebted countries to steadily narrow the shortfall toward zero. "Europe needs Italy and Italy needs Europe", Juncker said, answering "No" when asked if Europe could survive an Italian exit.
Alessandro Tentori, chief investment officer for Italy at Axa Investment Managers, told CNBC Tuesday that there was so far little detail in the budget about growth and investment projects.
It added: "We in the Congress Party salute the women who stood their ground despite the brazen stance of the Modi government". India has been plagued by sexual violence against women and poor implementation of existing laws to protect them.
A coalition of groups concerned about the health risks associated with marijuana is calling legalization a "dark day for Canada". Democratic Senator Ron Wyden of OR said it's time for the United States government to follow Canada's lead.
Mayweather, 41, easily defeated McGregor in their bout in August a year ago even though he is past his prime. He won the fight via fourth-round submission, and then exited the Octagon to confront McGregor's corner.
The company had planned to start fracking at both its horizontal shale wells at the Preston New Road site last week. The company had hoped to start work at the site on Saturday but this was delayed by the effects of Storm Callum.
A second medical opinion confirmed Allen shouldn't require surgery on his sprain and he is still week to week, McDermott said . Anderson would become the third different starting quarterback the Bills have deployed this season.
In August, Indonesia and Australia concluded talks begun in 2010 on a free-trade deal that's due to be signed next month. Addressing reporters on Tuesday, Morrison said his statement was made without discussing it with the USA administration.
Investigators said she had previously filed an unrelated whistleblower complaint and discussed this with congressional officials. On Wednesday, the judge in Virginia said Edwards's next court appearance will be in NY , prior to November 2.
The agency doesn't know who may be at higher risk for developing this condition or the reasons they may be at higher risk. The rare AFM condition mostly presents in children but so far a cause or consistent patient pathogen has alluded doctors.
Hayward received a loud ovation from the sellout crowd prior to his first home game in a Celtics' uniform. "It's my second year". To them, "bully ball" - getting the ball in the paint and attacking the rim - will yield more free-throw attempts for Embiid.
'Orange Is The New Black' To End After Season 7
The newest season of Orange is the New Black has been hijacked by a hacker who's ransoming the series for an undisclosed amount. The show was renewed for a seventh season back when Orange was given a three-season pickup order ahead of season four.
Google Maps will now show EV charging stations
So of course Google is going to try and help with finding charging stations as people drive from one location to another. "In addition, businesses that have charging stations will now feature a link to information about the chargers".
Why this photo of Museveni and Kim Kardashian is causing a stir
The US celebrities arrived in Uganda last week and have been staying at Chobe Safaris Lodge in Murchison Falls, National Park. According to XXL , Ye has also set up a pop up studio to enable him carry out his work while enjoying the attractive scenery.
Is This Ariana Grande Instagram Post About Pete Davidson?
It's hard not to bump news n stuff that I'm not trying to see rn (right now). "Love u. and thank u for being here always". Grande has been laying low since Mac Miller's death of from a suspected accidental overdose in September.
MI vs. Wisconsin: Where to watch, how to listen
The Wolverines (6-1, 4-0 Big Ten) beat a ranked conference team for the first time since topping the Badgers two years ago. The Wolverine defense was flat out impressive, holding Wisconsin to just 283 yards of total offense and 13 points.