Econ min on the wires

  • Italy to request greater flexibility from the EU on deficit in the light of its reform efforts

On the topic of govt spending I posted this from our guest economist John Hearn earlier

Meanwhile the market is still in yawn-fest mode

EURUSD 1.0976 GBPUSD 1.5587 USDJPY 123.98 USDCHF 0.9676

AUDUSD had a look at 0.7400 but ran out of puff in the face of decent supply

Padoan - wants a pat on the back from the EU