At least that's what the official tagline is right now
According to the office of the prime minister, Giuseppe Conte, he is working with Salvini and Di Maio to complete their action plan and will meet with finance minister, Giovanni Tria, to set out a shared budget package in order to avoid disciplinary action against Italy.
All parties are said to be meeting again in the coming days to finalise the details to strike a compromise with the European Commission.
Conte had previously warned that he would quit if both ruling parties continue to not work together to find a solution and it looks like that is working to some extent now. It'll be interesting to see how much Salvini is willing to compromise in this scenario, as there is no doubt he'll still be pushing for tax cuts regardless of the situation.
As for impact to markets, this will at least give BTPs more relief and help ease European assets further as we begin the new week.
