Italian Budget Negotiations Hit by Last-Minute Dispute

The video discusses complications in reaching an agreement on Italy's budget deficit, with analysis from Bloomberg's European government editor, Ben Sills. The meeting aims to resolve issues between the administration and the Finance Minister, who opposes a 2.4% deficit. Market reactions include widening spreads and underperforming Italian equities.

What complications are mentioned regarding the agreement on the deficit?

What is the proposed deficit percentage for next year by the league and five star?

What has the Finance Minister stated about the deficit?

What rumors are circulating about the Finance Minister's position?

What impact is the budget discussion having on the Italian equity markets?