President Sergio Mattarella on Thursday gave Italy's bickering parties five...
ROME - President Sergio Mattarella on Thursday gave Italy’s bickering parties five days to clinch a deal to resolve a political crisis and avoid a snap election.
He said some parties had told him they were trying to form a solid majority and he told them to report back on Tuesday for two more days of consultations. The government collapse was triggered by League leader Matteo Salvini, who declared the ruling coalition dead two weeks ago, saying he could no longer work with 5-Star because of its foot-dragging over the League’s economic policy agenda.Salvini called for an election, aiming to cash in on his surging popularity to return to power, this time as prime minister, with a mandate to launch a big spending spree next year and challenge the European Union’s fiscal rules.
Markets have rallied on hopes that a 5-Star/PD deal is in the offing, dismissing a number of apparent stumbling blocks.
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