Bloomberg reports, citing an unnamed official

It looks like Conte managed to persuade Salvini and Di Maio on the matter and that's a welcome boost for Italian assets and the euro. This would mean that the European Commission is almost certainly going to approve of the revised budget plan here.

And the euro moves to the highest levels on the day now, with EUR/USD up to 1.1343 currently and EUR/JPY up to 128.66. Italian 10-year bond yields have now fallen to its lowest level since September: