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Conte met with League leaders Matteo Salvini and 5-Star head Luigi Di Maio late on Monday, after threatening to resign if his two deputy prime ministers failed to end weeks of bickering and agree on a strategy to avoid disciplinary steps from the European Commission due to Rome's excessive debt.
"There is full agreement that the disciplinary procedure must be avoided," Conte told reporters after attending a business conference.
But "we're not at all ready to revise the government's 'philosophy', so no austerity or recessive measures," he added.