Italy's New Government Could Offer Stability At Home But Rattle The EU

02 June, 2018, 01:00 | Author: Sheri Evans
  • Carlo Cottarelli has accepted the role of interim prime minister

Italy's president on Monday named a former International Monetary Fund economist as caretaker prime minister to lead the country into new elections, possibly as soon as the autumn, after a political storm whipped up by the collapse of a populist bid for government. French far-right leader Marine Le Pen tweeted: "Bravo to the coalition".

The new deal will see Di Maio take on the role of industry minister and Salvini interior minister, while little-known economics professor Giovanni Tria will take over the pivotal economy ministry job.

No sooner had the coalition deal been announced than friction flared with Brussels over remarks by European Commission chief Jean-Claude Juncker about Italy's impoverished south.

But while Conte will nominally hold the most powerful office in Italy, the driving forces in his administration will be the leaders of the two political parties that gained most votes in an inconclusive election in March - the right-wing League party and the anti-establishment Five Star Movement.

Conte's new government would put an end to a stalemate that lasted more than 12 weeks, during which the protracted political instability of the euro-zone's third largest economy rattled financial markets.

Sterling languished near a six-month low on Friday despite data showing United Kingdom manufacturing growth picked up speed in May for the first time in six months, as worries about Italy's political crisis and new USA trade tariffs dominated the market psyche.

Prince Harry, Meghan Markle to honeymoon at Jasper Park Lodge
Whether or not that was true, any plans for the royal honeymoon that become public, need to be changed for safety concerns. In 1939, King George VI and Queen Elizabeth were guests there at the Outlook Cabin that subsequently burned down.

"The uncertainty over our position has alarmed investors and savers both in Italy and overseas", the president said.

Italy's president just gave the green light to the country's prime minister-designate to create a new government.

Juncker said at a conference Thursday that "Italians have to take care of the poor regions of Italy".

Andreeva said: "There are words and there are facts and we prefer to focus on the facts, which in this case speak much louder than words". "But don't play this game".

His comments sparked outrage in Italy, with Salvini blasting them as "racist" in his victory speech Thursday in northern Lombardy.

On Friday, ratings agency Moody's threatened to downgrade Italy's debt rating, citing a risk the a populist-led government might fail to reduce its public debt.

MP Report: The taxpayer's pipeline
Sims anxious Canadians could be on the hook for more than just building the pipeline. Premier John Horgan vowed to continue to fight the pipeline in court.

Emerging from a similar meeting with a different ending Thursday night, Conte read off his Cabinet list and pledged that "we will work with determination to improve the quality of life of all Italians".

Later, the president asked ex-IMF economist Mr Cottarelli to form a government until fresh elections could be held. The scholar already served as advisor to Italy's Prime Minister for EU affairs and privatization of state-owned companies between 1993 and 1995, and as Minister of European Affairs between 2011-2013 and 2013-2014, according to his online resume.

Ex-Premier Matteo Renzi, whose Democratic Party suffered its worst-ever thrashing in the March election, wished good luck to the Conte government while vowing to be the "civil opposition".

Conte had abandoned his original mandate as PM on Sunday after Mattarella vetoed eurosceptic Paolo Savona as economy minister, prompting the collapse the Five Star-League joint government deal collapsed.

Lorne Cook and Raf Casert contributed from Brussels, and Angela Charlton from Paris.

Trump, without evidence, accuses Mueller’s team of meddling in the midterm elections
Then Trump pivoted sharply back to the Mueller investigation, which he has elevated in status to "Rigged Witch Hunt ". Former Trump campaign manager Paul Manafort has pleaded not guilty on financial charges.

Recommended:

  • Mueller team will be meddling in midterms

    Mueller team will be meddling in midterms

    Author information: Josh Dawsey is a White House reporter for The Washington Post . That wasn't Trump's only tweet about the Russian Federation investigation today.
    Chelsea's move for Sarri close to collapse?

    Chelsea's move for Sarri close to collapse?

    It's very hard and frustrating when you don't play regularly and I've been lucky enough to do that over the majority of my career. Mauro Icardi is Maurizio Sarri's "No 1 target" once he is appointed Chelsea manager , according to reports in Italy .
    Russian servicemen killed in Syria after shelling carried out by militants

    Russian servicemen killed in Syria after shelling carried out by militants

    According to official numbers 92 russian military personnel have died in Syria since Moscow's intervention in the conflict. Some of those Russian nationals were government troops, but not all of them", said Observatory head Rami Abdel Rahman.
  • Visa outage blocks transactions across Europe

    Visa outage blocks transactions across Europe

    Reports suggest Tesco and Sainsbury's and multiple other retailers are affected as well as Asda. Asda is advising customers to bring cash if possible if planning a trip to the store tonight.
    Sources Expect Bryan Colangelo To Lose Job With 76ers

    Sources Expect Bryan Colangelo To Lose Job With 76ers

    The Sixers launched an investigation into the " serious " allegations. It has not been a good week for Bryan Colangelo .
    Amazon just blocked Australians from shopping on most of Amazon

    Amazon just blocked Australians from shopping on most of Amazon

    Online retail giant Amazon will block Australian consumers from its global sites to counter new laws forcing it to collect GST on transactions.
  • ISIS claims attack on Afghan Interior Ministry

    ISIS claims attack on Afghan Interior Ministry

    A half-hour gun battle raged between the militants inside the police station and police, killing security forces and civilians. Under surveillance by the Marines, the Taliban fighters returned to their Helmand stronghold, a center for poppy cultivation.
    Mega Man 11 - Pre-Order Trailer

    Mega Man 11 - Pre-Order Trailer

    Double Gear - When at critical health, Mega Man can unleash maximum power and deftly maneuver in the direst situations. We can expect to see more of Mega Man 11 in just a couple of weeks, as Capcom will have it on hand at E3 2018.
    Top North Korean officials travel to U.S., Singapore in summit preparations

    Top North Korean officials travel to U.S., Singapore in summit preparations

    US officials familiar with planning said he was scheduled to meet with Secretary of State Mike Pompeo on Thursday. The proposed meeting with Kim Jong-un was thrown into doubt after Trump announced he was pulling out last week.
  • Facebook is removing the the trending news feature next week

    Facebook is removing the the trending news feature next week

    Facebook introduced a feature called Trending in 2014, and you can probably guess what it did even if you never touch Facebook. How the platform approached its role as a news disseminator has sparked heavy criticism across a number of different groups.
    Peru captain Paolo Guerrero CLEARED to play at World Cup

    Peru captain Paolo Guerrero CLEARED to play at World Cup

    That effectively ruled him out of action until January 2019, and Guerrero was suspended by his Brazilian club, Flamengo. Check out a few tweets from jubilant Peruvians below.
    Here’s How the Dual-Frequency GPS Works on the Xiaomi Mi 8

    Here’s How the Dual-Frequency GPS Works on the Xiaomi Mi 8

    Some of the features of MIUI 10 include a revamped task manager, gesture controls and AI portrait mode for enhanced Bokeh shots. The Mi 8 SE is the world's first smartphone to come powered by the newly announced Qualcomm Snapdragon 710 octa-core processor.


Popular

Wild Card Turns Tables at National Spelling Bee
I think as I am reading I am subconsciously absorbing words, learning to spell", he said in an interview with VTDigger in March. Of the past 23 champions, 19 have had Indian heritage. "I'm trying not to make that my standard", she said Wednesday.

Trump told National Football League owner 'you can't win' anthem issue, WSJ reports
I do realize they are cases where black drivers are singled out due to their color and this is wrong. Jones was not the only National Football League owner to address Trump's maneuverings.

England vs Pakistan, 1st Test, Lord’s, Day 4, live cricket score
But eight balls into Sunday's play and having added only one more run , Buttler was lbw to Mohammad Abbas for 67. The innings ended when Amir knocked over Bess's off-stump.

Spanish police say Browder not arrested
In March, he told British MPs that the Russian state wanted to "get me back to Russia and then kill me in their own system". It is the "sixth time Russian Federation has abused Interpol in my case", he added.

Lamichhane to face West Indies today
At one point reduced to 45/5, the only resistance came from Sri Lanka's Thisarra Perera, who smashed 61 from 37 balls. World XI vs West Indies T20 will take place on Thursday, May 31, 2018.

Catsuit queen Serena back in winning business
The Russian, who was Paris champion in 2012 and 2014, fired 35 winners in her victory on Court Suzanne Lenglen. She lost in the third round at Indian Wells in March and in the first round at the Miami Open later that month.

Finals rivalry: Warriors vs. Cavaliers | Sports , Basketball
LeBron James has rescued the Cavaliers from a 3-1 deficit in the NBA Finals and just pulled them out of a 2-0 hole against Boston. The Cavs finished their series Sunday at Boston, so James spent a relaxing Memorial Day Monday with family having a barbecue.

Hamilton brands Monaco 'boring' as Ricciardo holds on for victory
Naturally, Ferrari found out and Vettel went on the attack. "For sure what we take today is the points". I thought I was the only one. "I just didn't want to go too risky and have a crash".

Serena Williams makes fashion statement in Grand Slam return
Williams hasn't played in a while, so her world ranking has dropped a lot. One is that the tightness of the trousers helps her blood circulation.

Stephen Curry insists LeBron James' Cavs teammates deserve more respect
I'm in the camp who believes LeBron James can bypass Micahel Jordan by doing something nobody believes can be done. If they were going to lose, it would have been in the Western Conference finals against the Houston Rockets .