During the fourth quarter of 2018, Italy (EWI) and the ECB have clashed repeatedly over the Italian government's intention to maintain a budget deficit of ~2.4%, above the ECB's 2% officially allowed ceiling.
Eventually, the two sides have come to an agreement with Italy allegedly complying with the ECB requirements.
Why "allegedly"? Because the underlying growth rate that "allow" for Italy to maintain a 2% deficit was too optimistic all along. Thing is, both Italy and the ECB knew it back then, but they chose - for their own selfish/political reasons - to