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21 February 202012.36 On the EU budget "we are far from a compromise perspective. Italy is for a not frugal conception of the future of Europe. We are ambitious and believe in the programmatic lines defined by the Commission. For those policies adequate financial instruments are needed". This was said by Prime Minister Conte, arriving at the EU summit. The so-called "frugal" countries (Austria, Denmark, Holland, Sweden) do not want the multiannual budget to exceed the spending ceiling of 1% of the EU's total gross national income.