Italian populist reached a final deal to gain power

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Italian populist reached a final deal to gain power
Italian populist parties will be sworn in after a new alliance agreement in Rome on Friday, barely avoiding the election and launching the anti-austerity government in the euro zone’s third-largest economy.

On Thursday night, President Sergio Matarella authorized Giuseppe Conti for the second time – the populist chose the prime minister.

After the uncertain election results in March, Italy has been in a state of political uncertainty for nearly three months, financial markets are vacillating, and eurozone partners are uneasy.

Conti – a little-known lawyer and newcomer to politics – announced his choice of the future cabinet of the country after meeting with Matarella.

From the point of view of the league, the extreme right league leader Matteo Salvini was appointed Minister of the Interior, and the five-star movement leader Luigi Dimaino will be appointed Minister of Economic Development.

The European skeptical economist Paul Savona, who originally wanted the Minister of Economy but was rejected by Matarella, is still a cabinet member of the European Affairs Minister.

The role of the Minister of Economy is to give less controversial Giovanni Tria, a political economist who advocates tax cuts but favors the inclusion of Italy in the euro zone. The savvy Enzo Moavero Milanesi in Brussels was appointed Minister of Foreign Affairs.

Of the 18 ministers in the cabinet, only 5 are women. According to Italian media reports, the populist lineup will vote on both houses of Parliament on Monday or Tuesday.

“I have not promised any miracles. I can say that after the first few months of this revolutionary government, I hope that we have a less tax, a little more protection, more employment opportunities and a small number of illegal immigrants.” A happy Salini said at a rally.

Just forty-eight hours ago, after the collapse of the alliance against the established five-star movement and the far-right alliance, Italy seems to be in the midst of a general election.
Matarella vetoed the anti-Euro choice of the populist coalition against Economy Minister Savona, causing two populist parties to abandon the joint campaign power.

Mattarella then asked the economist Carlo Cottarelli to set up a caretaker government.

However, after the Cottarelli government will not vote through the confidence in the parliament, the new election seems to be the most likely outcome.

For Italy’s protracted political legend, the Five Stars and the Alliance frantically rejoined the negotiations to bring their alliance back on track and win.

This handout picture released by the Italian Presidency shows newly appointed Italian Prime Minister Giuseppe Conte (L) shaking hands with Italy’s President Sergio Mattarella after signing the list of the new cabinet on May 31, 2018 at the Quirinale presidential palace in Rome.
/ AFP PHOTO / Italian Presidency / – / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT “AFP PHOTO / ITALIAN PRESIDENCY PRESS OFFICE” – NO MARKETING NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS

“The five-nation coalition government has met all the conditions,” said the party leader in the joint statement issued by the five-party movement.

In light of the successful negotiations of the populists, Kotarelli announced on Thursday that he had given up the task of forming a technocratic government.

“The formation of a political government is by far the best solution in the country because it avoids the uncertainty of the new elections,” Cottarelli said after meeting with Mattarella.

The plan proposed by the populists promised to revive the Italian economic downturn by refusing austerity and increasing spending.

Their ambitious economic advice – including Italy’s poorest retirement pension reform and universal basic income for two-tier single tax – has caused Brussels and financial markets to worry about the country’s huge debt.

Italy’s 2.3 trillion euros of debt accounts for 132% of its gross domestic product (GDP), the highest ratio in Europe except Greece, and more than twice the EU’s 60% ceiling.

Government plans include plans to expedite the expulsion of illegal immigrants and combat trafficking.

The European Doubt Alliance also pledged to take a series of measures in the EU, including renegotiating the EU treaty and reviewing the EU’s economic governance of issues such as the single currency.

But on Thursday, EU President Jean-Claude Juncker warned against blaming the European Union for all the problems in Italy.

“I really like Italy, Bella Italy. But I no longer accept all the mistakes that have occurred in the southern part of Mezzogiorno in Italy because the EU or the European Commission did not do enough,” he said after leaving Brussels.

“Italians must care for the poor areas of Italy. This means more work, less corruption, and seriousness.”

He urged Italy not to “play this game”, let the EU take responsibility and increase “national first, Europe second.”

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