Italy's populist leaders reach deal to resurrect coalition


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Italy’s anti-establishment political leaders Matteo Salvini and Luigi Di Maio have reached a deal to resurrect their proposed coalition government, averting the prospect of a new snap election which had rattled global markets.


“All the conditions have been fulfilled for a political, 5-Star and League government,” 5-Star chief Di Maio and far-right League leader Salvini said in a joint statement after several hours of talks in central Rome. 


Giuseppe Conte, a law professor close to the Five Star Movement, remains the coalition’s pick for prime minister, the leaders said, confirming the candidate torpedoed four days ago after the head of state rejected the parties’ choice for economy minister. 


He was summoned by President Sergio Mattarella to his office on Friday evening.


Giovanni Tria, a little-known economics professor, will get the key economy ministry job, party sources said, replacing the eurosceptic economist Paolo Savona who had been vetoed by President Sergio Mattarella.


Tria, a professor at Rome’s Tor Vergata University, has been critical of the EU’s economic governance, but unlike Savona, he has not advocated a “plan B” to prepare Italy‘s possible exit from the currency bloc.


After the initial coalition attempt failed, Mattarella named former International Monetary Fund official Carlo Cottarelli to form a stop-gap government of experts to lead the country to elections. But Cottarelli failed to present a cabinet and received no support from any of the major parties.


Cottarelli stepped aside on Thursday, telling reporters that “it is no longer necessary to form a technical government”. He made the announcement after meeting with Mattarella to formally renounce the post.


Assuming the new government gets a green light from Mattarella, Salvini will be the interior minister and Di Maio will take a powerful, newly created joint ministry made up of the labour and industry portfolios, the populist parties said.


Enzo Moavero, a former EU affairs minister under the technocratic government of Mario Monti, will be foreign minister, while Savona, after his removal as economy minister, gets the consolation prize of EU affairs minister.


The populist Five Star Movement came out as the single largest party in Italy’s March elections, capturing nearly a third of the vote. Far-right party, the League, was the biggest party in a right-wing coalition which as a bloc captured about 37 percent of seats in Italy’s two houses of parliament.


Populist parties have grown in recent years, in part because of austerity measures brought in to reduce public debt, much of it owed to creditors in fellow EU states, most notably Germany.


Article source: http://www.cbc.ca/news/politics/cigarettes-health-warning-1.4685609?cmp=rss


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