European leaders meet in Brussels to hammer out a budget to fund the EU from 2014 to 2020. Three months ago, they failed to agree after some countries - including Germany - blocked a proposed budget for being too big.
Italy has stuck to its big-spending budget plan, despite demands for changes from the EU and the threat of financial penalties. The move has sparked concerns over Italy's debt, and uncertainty from investors.
Italy's populist government has spooked Brussels with an ambitious draft budget after vowing to end austerity. DW's Bernd Riegert explains how the country plans to have its cake and eat it.
European Union leaders fear Angela Merkel's weakened power could be a liability for the bloc. When it comes to political heavyweights in Europe, the German chancellor has long been top of the list.
Eurozone finance ministers have sided with the European Commission, slamming Italy's resolve to stick to its controversial budget. Brussels has rejected Rome's 2019 fiscal plan and demanded changes.
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