Italy's Salvini: I will use all my energies to fight outdated EU fiscal rules

Author: Justin Low | Category: News

Salvini comments in response to a potential fine by the European Commission

Italy EU
He's referring to reports that the European Commission could impose a ~€3.5 billion fine on Italy for excessive debt. That has continued to keep pressure on Italian bonds today with 10-year BTP yields rising to a one-week high.ForexLive

In turn, that is casting a bit of a softer backdrop for the euro since overnight trading with EUR/USD sitting near session lows at 1.1180 currently.

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