Italy's former Prime Minister Matteo Renzi refused to rule out creating a spin-off party in the future.
Italy's former Prime Minister Matteo Renzi refused to rule out creating a spin-off party in the future, but told CNBC that dealing with the immediate threat of the right-wing Lega party was his initial concern.
Renzi resigned as leader in late 2016 but is still a prominent member of the Democratic Party which has just. Renzi told CNBC's Joumanna Bercetche Thursday that he would not take up a ministerial role in the new coalition due to his grievances with M5S, describing personal attacks made against him. But Renzi spoke of the possibility of creating a spin-off group from PD, but only once the new coalition had dealt with Lega and its populist leader Matteo Salvini.
"We will see," he said when asked about his future. "Everything is possible in crazy Italian politics." "Let me be honest with you, I am a very lucky man. I became mayor of Florence — the most beautiful city in the world — when I was 34 years old. I became the youngest prime minister in Italy ... when I was 39 ... So I am really happy for my life. I don't need to write a new page because this is my priority, my desire, I am really happy with myself," he added.
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