Italy's Salvini: No early elections in Italy, will prepare budget in September

Italian Deputy Prime Minister Matteo Salvini crossed the wires in the last minutes announcing that there won't be an early election in Italy and that the government will prepare the budget in September.

Key quotes (via Reuters)

• Government will reply to EU warning letter on debt, citing data that will avoid disciplinary procedure.
• Economy is picking up, revenues are higher than expected.
• Reiterated to economy minister Tria he would not accept any tax hikes.
• Hopes Di Maio continues as 5-Star chief, otherwise Italy and League "have no time to waste".
• League's tax cut plans should please markets, we aim to have it ready by autumn.
• Convinced relations will improve with 5-Star.