Italy's Tria: 2.9% deficit estimate by the EU is not justified
I believe we all get the point Italy is trying to make by now
I find it a bit time wasting of the European Commission to continue to hope Italy will cave and suddenly turn over a new leaf when it comes to the budget by Tuesday. At this point, it's more productive if they begin discussions now rather than keep this dragging on.
It's sad for investors to be caught up in all of this but such is the nature of how things actually proceed in politics. Tria's comments are a mere follow-up to earlier headlines from today: