19.10.2018 - 05:26 [ CNBC ]

Italian bonds sell off as key EU official says Brussels is ‚very likely‘ to reject its budget plan

he European Union is „very likely“ to reject Italy‘s controversial new budget proposals, according to the EU‘s budget commissioner.

A publication in German media outlet Der Spiegel had earlier reported that the EU had already rejected its draft spending plan and a letter to that effect was already on its way to Rome.