Italy's budget talks may prove very difficult: Katainen

European Commission Vice-President Jyrki Katainen said on Tuesday that Italy's situation was vulnerable and talks about its budget may prove very difficult.

"The Commission expects more details from Italy over how they plan to build their budget for the next years," Katainen told reporters in Helsinki.

"But we are concerned that Italy will present totally unrealistic fiscal targets or growth projections, and that negotiation will prove very difficult."

"One should not take the risk of driving the financial markets wild with political thoughtlessness," he added.