Report: EU official says Italian budget draft unacceptable

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<pThe European Union's budget chief has reportedly said that the Italian government's draft budget doesn't comply with the bloc's rules.

<pItaly's populist government submitted the budget plan this week after disregarding pointed warnings to ease up on spending promises that have shattered previous deficit pledges.

<pEU budget commissioner Guenther Oettinger was quoted Wednesday as telling German news outlet Der Spiegel: "The suspicion has been confirmed that Italy<pDer Spiegel reported that a formal notification from EU Commission colleague Pierre Moscovici is expected to arrive in Rome Thursday or Friday.

<pItalian leaders say the budget plan will boost growth through higher spending, but other EU countries are concerned about Italy's public debt load.