Contents of Moscovici's letter to Tria
Draft budget points to a particularly serious non-compliance with EU budget rules
Asks Italy to respond by Monday
Says budget is a 'significant deviation' from rules
Budget is source of serious concern
Asks for clarification
Says Italy's planned spending growth next year is 2.7%, while max allowed under rules is 0.1%
Here's what the clarification is going to say: We've been in a crisis for a decade and we let your technocrats run our government and it didn't work. Now we're going to do what we promised voters.
