European economic commissioner, Pierre Moscovici, comments

  • France will be the only Eurozone country with a deficit of over 3% next year
  • Rules allow for limit breaks if they are "limited, temporary and exceptional"
  • French and Italian cases are not similar
  • Italy is launching a multi-year stimulus package

Yup, this basically confirms it. They're gonna give a free pass to France on the budget deficit breach. I really wish we could see Salvini and Di Maio's reactions when they read this. The European parliament elections next year is gonna be real interesting.

Obligatory over-used photo: