Italy’s Borghi: Hopeful of no EU procedure on budget

Italy's budget committee head in the lower house, Claudio Borghi, was out on the wires in the last hour, via ANSA, and remained hopeful of no EU procedure over government's budget.

Key quotes:

   •  If there is one, it means that the rules are applied in a discretionary manner.
   •  Says that EU does not intervene on state finances of France, Spain, or Germany.