Italian financial markets have been in turmoil as the country awaits news about whether an unknown law professor without any political experience will be named as the next prime minister.
The country’s two populist parties – the anti-establishment Five Star Movement (M5S), and the anti-migrant League – announced a joint agreement naming Giuseppe Conte, 53, a lawyer and M5S member, as the next leader of the eurozone’s third largest economy, after Matteo Salvini of the League, and Luigi Di Maio, of the M5S, ruled themselves out.
The deal came after weeks of intense negotiations between Salvini and Di Maio, who are attempting to cobble together a government based on their shared views. The parties’ agenda calls for sweeping fiscal changes, a more confrontational stance against Brussels, and a tougher approach against migrants, including the creation of detention centres across the country.
Conte still requires the blessing of Italy’s president, Sergio Mattarella, who met with Salvini and Di Maio on Monday evening.
“We obviously want a country that puts the interests of Italians first. We are ready to go, no one has anything to fear,” Salvini said following his meeting with Mattarella.
For more read the full of article at The Guardian
