Juncker on Italy and Britain
Convinced we will be able to strike a Brexit deal
Italy has used all the budget flexibility instruments available in EU
Italy has spent 30 billion euros extra without sanctions
Sounds like Juncker is letting the cat out of the bag. He says a Brexit deal 'will be done' which really helps to put to bed the rumor that the EU is about to walk away.
Italian 10-year yields are up 6 bps to 3.61%. I just don't see how the EU is going to overrule the sovereign, elected government of Italy.