EU’s Moscovici: Now seeing different tone from Italians on budget

European Commissioner for Economic and Financial Affairs, Pierre Moscovici cross the wires in the last hour and said that the recent announcements by Italy are a step in the right direction.

Key quotes:

   •  We are now seeing a different tone from Italians on budget.
   •  Italy’s change of tone is welcome.
   •  Talks are far more intense now.
   •  Rules must be respected by Italy. 
   •  EC will act within the framework of the rules.