The president of eurozone finance ministers group said in an interview published on Monday that he hoped the Italian government would be able to submit a revised draft budget to the European Union.

"The rules of the Stability and Growth Pact apply to all. I hope that the Italian government will be able to revise its budget draft," Mario Centeno, Portugal's Finance Minister and head of the Eurogroup, was quoted as saying by German newspaper Sueddeutsche Zeitung.

A government source said on Friday that the Italian ruling coalition aimed to send a revised budget to the EU on Wednesday.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.