Economics
Italy Sees Peace Deal With EU as Commission Meets on Budget
- Brussels to ratify informal deal, Rome Treasury official says
- Standoff on spending plans has prompted Italian concessions
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Italy’s populist government is betting the European Commission will ratify an informal deal on Wednesday to avoid sanctions over its spending plans, after a long tussle which has roiled financial markets.
On the eve of a commissioners meeting in Brussels, a spokeswoman for the Rome Treasury, who asked not to be named, said the government has a technical agreement with EU officials which still needs to be approved.