perhaps mateo salvini is waiting for some bad news from here today in brussels. what we do now, is that the european commission will be publishing its opinion regarding the budget plans from all countries in the eurozone. the focus is on the italian budget it is expected the european commission could issue an report that could lead to an excessive deficit procedure. this process is applied to european countries in breach of fiscal rules and could lead to sanctions if countries in that position do not work towards fixing that. in terms of the italian budget, the opinion that will be issued today will be about the second draft budget after brussels said the first spending plan that rome sent wasnot good enough t reduce the massive debt pile looking at both documents, there are not a lot of differences italy prom mess ised to increase privatization and that it is increasing public spending because it needs to help populations severely hit by floods it also saidthe infrastructure and roads would be helped. the problem is that the european commission has different for

italy sticks to its guns rome resubmits its spending plans with no concessions to brussels as mateo salvini warns the eu against imposing sanctions. >> translator: i can only say we're working on a financial plan that includes less taxes. if europe doesn't like it, we'll keep going our way >>> oil prices have been suffering their biggest one-day loss in more than three years, trying to stabilize now in today's session this is a stunning reversal as the opec secretary-general tells cnbc the alliance between producers is steadfast. >> the saudi/russian relationshrelation ship is as strong as the rock of gibraltar. we will do all it takes to protect and guarantee the stability that have taken us nearly four years. >>> the end of the uk single market, a surrender to brussels and as bad as it possibly could be these are a handful of examples of the sea of criticism for british prime minister theresa may's draft brexit deal before it's even been presented her cabinet is set to meet at 15:00 cet to discuss the draft agreement before it faces the greater challenge of being approved by parliament th