Italy's request on investment clause likely to be approved by EU?

Today's Eurogroup meeting will be focusing on Draft Budgetary Plans for 2016, the EU commission's assessment follows.

EC and EU ministers of finance would likely agree on few aspects;
France, Ireland, Slovenia, which are broadly compliant under the excessive deficit procedure, while Spain at risk of non-compliance, which therefore could face sanctions.

Belgium, Latvia, Malta, Finland, which are broadly complaint in terms of preventive arms, while Austria, Lithuania are at non-compliance.

The meeting minutes would be mostly on Portugal, which did not submit the budget, and Italy. EU leaders will decide if the Italian government wishes to use the 0.3% of GDP as part of investment clause of Fiscal compact, 0.1% extra from the reform clause can be granted.

"If so, Italy would be in the 'broadly compliant' category and no longer at risk of non-compliance. Note that the decision to consider costs related to the refugee crisis (and security spending in France and probably elsewhere) as being due to exceptional circumstances is also expected to be discussed during the meeting", says Societe Generale in a research note.