Reuters and Bloomberg both reporting, citing an Italian government official

  • Targets will be submitted to Juncker later today
  • Conte is headed to Brussels with "good motivations"

No further details on what the targets are at the moment but we'll see. If Conte manages to get it anywhere close to 2.0%, I reckon the European Commission could very well just let that slide and carry on with this.

Then again, I will once again reiterate that this is just a target number at the end of the day. If the Italian government still insists on following through with its fiscal measures, then the debt issue will arise once again next year and we'll have plenty of back and forth between Italy and the European Commission to look forward to.