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Report: EU reaches preliminary deal with Italy over compensation for savers

The European Commission reached a preliminary agreement withthe Italian government over a fund that would savers who incurred lossesfrom the country's rescue of four small lenders in 2015, Reuters reportedApril 8, citing an EC spokesman.

The spokesman said that talks between the EC and Italianauthorities were moving in a constructive manner and that it was up to Italy nowto implement the important parameters of the agreement.