MILAN (AP) — The European Union's budget chief sought to ease tensions with Rome on Friday over Italy's rule-busting budget, after markets reacted by pushing up Italy's borrowing costs to the highest levels in five years. Pierre Moscovici told reporters in Rome that he did not see a risk of contagion in the market reaction to the European Commission's stinging letter rebuking the proposed Italian budget. "We don't want to have any type of fight, we are not interested in an escalation ...Read more on NewsOK.com