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Italian Coalition Seeks Budget Accord in Bid to Reach EU Deal

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  • Government leaders still meeting in Rome on budget package
The Italian national flag, right, and the European Union (EU) flag fly outside the Banca d'Italia, Italy's central bank, in Rome.

The Italian national flag, right, and the European Union (EU) flag fly outside the Banca d'Italia, Italy's central bank, in Rome.

Photographer: Alessia Pierdomenico/Bloomberg
Updated on

Italy’s squabbling populist coalition partners are seeking an agreement on key parts of the country’s contentious 2019 budget in a bid to gain European Union approval and avoid sanctions.

Italy has identified about 3 billion euros ($3.4 billion) of additional funds that could cover a budget deficit of 2.04 percent of output, a government official said.