Earlier today, Italy told the EU where to go with it budget demands. Expect the EU to huff and puff.
Update: Picking a perfect moment to prove Fitch's point, Bloomberg reports that the Italian government may call a vote of confidence in the Senate on the migration measures.
Eurozone growth slows to 0.2%, a four-year low as Italy stagnates. CEBR says risks of a global recession have risen.