Italy waves white flag on budget

Italy waves white flag on budget

EU Commission President Jean-Claude Juncker welcomes Italian Prime Minister Giuseppe Conte at a working dinner in Brussels, late November. | Emmanuel Dunand/AFP via Getty Images ROME — The game of chicken between Rome and Brussels over the Italian budget could soon be over. Because Rome is about to give in.

Italy’s populist ruling coalition is dialing back its spending plans to avoid triggering disciplinary action by the European Commission, according to two Italian officials in Rome briefed on the ongoing negotiations.

Rome proposed running a 2.4 percent deficit next year, putting it on a collision course with Brussels, which had threatened […]

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