Monday, 20 August, 2018

Italian economist to meet president amid political crisis

Italian President Sergio Mattarella addresses the media after meeting Italy's premier-designate Giuseppe Conte in Rome on Sunday Italian economist to meet president amid political crisis
Gerardo Duncan | 28 May, 2018, 14:47

Analysts say there is relief that the likelihood of a populist Eurosceptic government, in the Eurozone's third-largest economy, has receded.

Italian President Sergio Mattarella said he refused to approve populist leaders' choice of an economy minister who has expressed anti-euro views because the appointment would have "alarmed markets and investors, Italians and foreigners".

Following the rejection of Paolo Savona's candidacy for minister of economy, ex PM-designate Conte said he had given up on attempts to form a government, leaving open the possibility the country would face new elections.

In a terse comment to reporters after he relinquished a presidential mandate to put together an acceptable Cabinet, Conte said he "gave the maximum effort, attention, to carry out this task with the full collaboration" of the 5-Star Movement and League.

Di Maio also called for holding new parliamentary elections after the impeachment of Mattarella.

Conte, who was virtually unknown until last week, was chosen by the leaders of the League and 5-Star to be prime minister after weeks of negotiations.

It will not be a political election, but a referendum on preserving democracy ...

Italians had entered the weekend thinking such a government might be just days away from taking power.

There is now a real argument between the president and the populists about Italy's position in the European Union, he adds.

10 2008 shows the 81 hold economist Paolo Savona looking on during a meeting in Rome. Paolo Savona chosen by the Italian populists to be the new finance minister is an eurosceptic economist very critical of Germany who made
Italian economist to meet president amid political crisis

Cottarelli said in such a case, the government's principal job "would be the ordinary administration of government and to accompany the country to elections after the month of August".

Both Salvini and Di Maio had staunchly backed Savona, and pressed Mattarella regarding the proposed government team in separate meetings with the head of state earlier on Sunday afternoon. 5-Star had waged an independent campaign at inconclusive March 4 elections, while the League campaigned as part of a coalition of right-wing parties.

Mattarella ultimately refused to back the so-called "euroskeptic" for the economy portfolio.

Carlo Cottarelli would be a calming choice for the financial markets.

Shortly afterwards, he summoned former International Monetary Fund (IMF) senior official Carlo Cottarelli for a Monday morning meeting - an indication he may be considering asking him to head a government of unelected technocrats.

Last week, it looked as if Italy was finally about to get a new government after nearly three months of political deadlock following inconclusive elections back in March.

Savona, who served as industry minister in a government in the 1990s, has questioned whether Italy at some point should ditch the euro as its official currency.

"The League and 5-Star Movement parties could expand their influence even further if a re-election is called, and Italian politics will remain unstable", said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.

But Mr. Salvini, a gifted politician, stands to gain the most from new elections.

Recommended

One dead as Cyclone Mekunu hits southern Oman One dead as Cyclone Mekunu hits southern Oman India's meteorological department described the cyclone as "extremely severe", with sustained winds of about 110mph (177km/h). Authorities in Oman have said they expected the cyclone to pass over the city of Salalah on Friday night.

First named storm of season forms First named storm of season forms A subtropical storm means the center of circulation is exposed and the rain and thunderstorms are pushed away from the center. For the 4th year in a row, a storm has been named ahead of the official start to "hurricane season".

Judge orders 30-year-old man to leave parents’ home Judge orders 30-year-old man to leave parents’ home The judge also asked for adult protective services because he is concerned about the strained relationship, according to WSTM . Rotondo was frustrated with the judge and said in court Tuesday that he didn't think the judge fully read the case.

Philip Roth, fearless and celebrated author, dies at 85 Philip Roth, fearless and celebrated author, dies at 85 Roosevelt had lost in 1940 and white supremacist Charles Lindbergh had won? - and not be touched by its eerie foreboding. A contemporary of Don DeLillo, Saul Bellow and Norman Mailer, the late novelist was the doyen of a whole literary era.

Nipah virus: The 101 on the infection claiming lives in South India Nipah virus: The 101 on the infection claiming lives in South India Human-to-human transmission of the virus has been recorded in previous outbreaks in India that killed as many as 50 people. There is now no vaccine or treatment to tackle Nipah , which has a mortality rate of around 70 percent.

Lava from Hawaii volcano enters ocean from 3 flows Lava from Hawaii volcano enters ocean from 3 flows Geologists said that after three weeks of escalating activity, Kilauea volcano has entered a "steady state" of eruption. This is only the second time in his career that he's seen blue flames during an eruption, Kauahikaua said.

Pilot partly expelled from Chinese jetliner after windscreen breaks Pilot partly expelled from Chinese jetliner after windscreen breaks If something abnormal happened where the windshield and a metal part met, it could damage the entire windshield , he said. On May 3, another Southwest Airlines flight made an emergency landing after a cabin window pane cracked in flight .

PayPal's 5 biggest acquisitions before its $2.2 billion iZettle deal PayPal's 5 biggest acquisitions before its $2.2 billion iZettle deal It claimed more than 200 million active customer accounts at the end of a year ago . The two companies will continue to operate independently until close.

Supreme Court orders floor test in Karnataka Assembly tomorrow at 4 PM Supreme Court orders floor test in Karnataka Assembly tomorrow at 4 PM The Congress-JDS lawyer also sought proper security for their MLAs in case of floor test being conducted. The interim application is likely to be heard on Friday along with the main petition of the combine.

Sensex sinks 300 points to close below 35k-mark Sensex sinks 300 points to close below 35k-mark The rupee weakened by 17 paise to 67.87 against the United States dollar in early trade at the interbank forex market . On the other hand, reality jumped by 2.06 per cent, FMCG 1.81 per cent, media 0.56 per cent and IT 0.15 per cent.

World Health Organization says Ebola outbreak has spread to DR Congo city World Health Organization  says Ebola outbreak has spread to DR Congo city Commissioner Stylianides has been closely monitoring the situation and has been in contact with the WHO General Director Dr. Ebola is a highly infectious disease spread through contact with even small amounts of bodily fluid of an infected person.

Whistleblower Leaked Michael Cohen's Financials Over Potential Cover-Up Whistleblower Leaked Michael Cohen's Financials Over Potential Cover-Up Trump had previously disputed whether he was aware of the payment by Cohen and whether he reimbursed him. Later that week, the president said the newly hired Mr Giuliani needed time to "get his facts straight".

Meghan Markle's Half-Sister Samantha Grant Suffers Injuries In Car Crash Meghan Markle's Half-Sister Samantha Grant Suffers Injuries In Car Crash Mark , Samantha's boyfriend, told TMZ the pair were driving near a toll booth when they had a "paparazzi confrontation". It is understood the surgery was required after the father experienced a significant amount of damage to his heart.

Boat Accident in Godavari : 35 Missing, 5 Safe Boat Accident in Godavari : 35 Missing, 5 Safe Eight people drowned after their boat capsized late Sunday during a storm in northern Uttar Pradesh state. Divers failed in trying to locate the boat on Tuesday night due to the bad weather and darkness.

Yanny or Laurel? What do you hear? Soundbite leaves netizens confused Yanny or Laurel? What do you hear? Soundbite leaves netizens confused The audio file in question has taken social media by storm, putting countless people at odds over what exactly is being said . But he said it was also more hard to determine the word in this particular recording because it is "not real speech".