The European Union has been dealt a severe blow, with anti-establishment Five-Star and nationalist Lega forming a government including the eurosceptic Paolo Savona as minister for EU Affairs.
A populist coalition government is back on the cards in Italy, with the anti-establishment Five-Star Movement (M5S) and nationalist League (Lega) ready to submit a new Cabinet.
German European Union Budget Commissioner Gunther Oettinger has apologised for his “disrespectful” comments after he undermined Italian democracy by saying that financial markets will “teach” the Italians to reject populism.
President Sergio Mattarella made the surprise announcement Sunday that he would refuse to appoint Paolo Savona as prime minister. Instead of calming markets, this sparked a selloff in stocks and bonds on Monday.
Italian President Sergio Mattarella announced his rejection of Italy’s populist coalition government Sunday evening in what is being billed as one of the worst days in Italian political history.
ROME (AP) – The leader of Italy’s right-wing League party says he won’t give ground in a standoff that is blocking the country’s next government from taking office.
Having confirmed the techno-populist prime minister Giuseppe Conte, Italian president Sergio Mattarella is now seeking to impede the nomination of Eurosceptic Paolo Savona as finance minister, who could become the linchpin of the populist plan for Italy’s economic reboot.
A Milan court has rehabilitated media magnate and former prime minister Silvio Berlusconi, releasing him from his “lifetime ban” on holding public office and paving the way for a possible return to active politics.
