Italian economist to meet president amid political crisis
Italian economist to meet president amid political crisis
European Union - Italy's Conte fights to form team as ally threatens new vote
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 Mattarellasaid 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.
Italy's efforts to form government break down as eurosceptic Savona rejected
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.
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.
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.
Coldstream Capital Mngmt Inc holds 0.07% or 14,037 shares in its portfolio. 74,535 were reported by Pinnacle Assocs Limited. Modwen Properties PLC invests in and develops residential and commercial land properties in the United Kingdom .
He ended the short video saying despite it all, he made it to his son's birthday and will "let God deal with the craziness". Rapper T.I.is speaking out following his arrest in Georgia on Wednesday, insisting he was detained over bogus allegations.
Considering the ups and downs of this series and the mystique of the Warriors, it's about the best thing we can hope for. Stephen Curry added five 3s and 29 points while helping Golden State cool off James Harden in the second half.
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.
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".
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.
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.
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.
On July 30, 2016 , stormy weather and flash flood warnings struck Ellicott City hard, leading to flooding that killed two people. Mr Kittleman said there have been no reports of injuries but added the situation was still developing and more rain is expected.
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 .
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
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
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.
Justice to hold bipartisan briefing Thursday
A number of GOP lawmakers and USA intelligence officials will meet Thursday to review classified information about the source. In a series of tweets Wednesday morning, Trump argued that this could be "one of the biggest political scandals in history".
Enraged customer throws own faeces at staff member
Footage posted to LiveLeak .com shows a woman angrily screaming after being denied access to a restroom, The Province reports . Holly Largy said the case will be forwarded to the BC Prosecution Service to determine whether charges will be laid.
Yanny or Laurel? For Trump the question is not so simple
But the White House killed the meme for good when it released a video of staffers dividing into Team Yanny and Team Laurel. Strategic-communications director Mercedes Schlapp says, "Yanny's the victor , Laurel's the loser".
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.