- Italy has defended its rule-breaking 2017 budget to the European Commission, saying the migrant crisis, post-earthquake reconstruction and lower-than-expected growth were to blame, after tensions surfaced over its fiscal violations.
- Brussels could reject the budget plan, but no decision is expected before a Dec. 4 referendum over PM Matteo Renzi's flagship constitutional reform.
- ETFs: EWI, HEWI, DBIT