December 18, 2018 / 7:20 PM / 6 months ago

Italy has verbal assurances over budget, awaits official EU OK - PM source

ROME (Reuters) - Italy has received “only verbal communications” from EU commissioners over a possible budget deal and is still awaiting formal notification of an accord, a source in the prime minister’s office said on Tuesday.

Earlier, a spokeswoman in the Economy Ministry told reporters that an agreement had been reached over the disputed 2019 budget, signalling an end to weeks of wrangling that had rattled financial markets.

“There is reasonable expectation that the budget proposal will be brought to the attention of the Commission tomorrow and that this will be positive for Italy,” said the source in Prime Minister Giuseppe Conte’s office. “But it is necessary to wait for the procedure to be completed in order to consider the negotiation definitively concluded.”

Reporting by Giuseppe Fonte, Editing by Crispian Balmer

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