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by Soeren Kern • June 1, 2018 at
6:00 pm
- The new government
has pledged to pursue a host of populist policies, including
reclaiming national sovereignty from the European Union over
issues ranging from border protection and immigration to
economics and finance. For now, however, it has abandoned previous
plans to hold a referendum on whether Italy should abandon the
euro.
- "The EU Budget
Commissioner the German Oettinger says the markets will show
Italians the right way to vote. If that isn't a
threat..." — Matteo Salvini, leader of the Lega party
- The continued
patronizing by EU officials has contributed to the rise of
populism in Italy and feeds popular support for the
euroscepticism embraced by M5S and Lega.
Italy's
new prime minister, Giuseppe Conte, whose government's program
closely resembles U.S. President Donald Trump's "Contract with
the American Voter." Photo: Wikipedia.
Italy's rival anti-establishment parties — the
populist Five Star Movement (M5S) and the nationalist League (Lega)
— have formed a "eurosceptic" coalition government.
The new government has pledged to pursue a host of
populist policies, including reclaiming national sovereignty from
the European Union over issues ranging from border protection and
immigration to economics and finance. For now, however, it has
abandoned previous plans to hold a referendum on whether Italy
should abandon the euro.
The viability of a M5S/Lega government initially was
thrown into doubt after Italian President Sergio Mattarella vetoed
their eurosceptic choice for finance minister: Paolo Savona, an
81-year-old former industry minister who has called Italy's entry
into the euro a "historic mistake."
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