Italian Budget 'Pretty Likely' to Be Rejected by EU, Codogno Says

The video discusses Italy's precarious position within the European Union, highlighting potential conflicts with EU fiscal rules and financial markets. It explores possible outcomes, including political strategies for upcoming EU elections and reactions from Italian and EU institutions. The video concludes with a discussion on future steps and the role of the EU Commission in addressing Italy's budgetary issues.

In what ways could the situation in Italy deteriorate further?

What is the significance of the excessive deficit procedure for Italy?