Reuters reported that a source close to the anti-establishment 5-Star Movement that it’s trying to find “a point of compromise on another name” as economy minister. The rejection by President Sergio Mattarella on anti-euro Paolo Savona as economy minister triggered this week’s political turmoil. If 5-Star can find someone acceptable by pro-Euro Mattarella, with far-right League or not, there is a possibly of finally forming a government. And it should be recalled that Five Star leader Luigi Di Maio said they never sought to leave the Euro via facebook comments.
Prime Minister-designate Carlo Cottarelli is currently the technocrat that’s supposed to lead the government until a new election. He also said that “new possibilities have emerged for the birth of a political government.” And, “these circumstances, also considering the market tensions, have caused me to wait for further developments.”
On the other hand, League leader Matteo Salvini poured cold water on the notion and urged another election. He said, “the earlier we vote the better because it’s the best way to get out of this quagmire and confusion.”
The development is another factor that’s calming the Euro today.
