Italy's Tria: Time to find agreement with the EU on the budget is tight

Italy's economy minister Giovanni Tria crossed the wires in the last hour, saying that the time to find agreement with the EU on the budget is tight and we need to avoid EU procedures on budget.

Additional quotes:

   •  Government is examining various options regarding revision of budget.
   •  Government is studying possible solutions in dialogue with the European Commission.
   •  Italy government's priorities need to be preserved. 
   •  Hopefully, Italy will not slip into a recession.
   •  The idea is not to impede growth with the new budget.
   •  Economic contraction in Q3 is not impacting discussions with the EU.