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EU's Dombrovskis: Italy needs significant correction of budget

Reuters reports the latest comments by the European Commission Vice-President Valdis Dombrovskis, with the key headlines found below.

Italy needs significant correction of budget.

Italy and EU are still far apart.

Asian stocks roll higher, led by underdog superstar Hang Seng index

The Pacific-Asia market session is largely seeing gains, and Hong Kong's Hang Seng index has quietly taken top spot for equities in the Asian market s
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European Commission reported to open deficit procedures against Italy before Christmas - Handelsblatt

Germany’s newspaper, Handelsblatt, is out with the latest headlines, citing that European Commission reported to open deficit procedures against Italy
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