Italian Coalition Reaches Agreement on Budget, Tax Measures

The transcript discusses Italy's budget plan, which risks conflict with EU fiscal rules due to a widened structural deficit. The plan aims to boost Italian growth but raises concerns about future deficits and Italy's vulnerability to crises. The EU's response and power dynamics are explored, highlighting Italy's significant economic influence. The broader European growth outlook is also considered, with potential risks from trade wars and emerging markets.

What factors are contributing to the deterioration of the growth outlook for Europe?

How does the Italian government's power dynamics affect its negotiations with the EU?

What are the key elements that the EU will assess in the Italian budget submission?