EU governments see considerable improvement in Italy's public finances - source

Representatives of European Union governments see a "considerable improvement" in Italy's fiscal plans after the government announced new measures this week, an EU official told Reuters.

Italy's deficit this year is expected to be at 1.9% of output, much lower than previously forecast. Governments also saw a structural improvement of 0.3% this year, and "considerable improvement" in Italy's fiscal plans for next year, the official said.