Print Edition - 2018-05-17  |  World News Digest

Italy draft govt deal proposes exit from euro


May 17, 2018-

Leaving the euro, renegotiating EU treaties and writing off 250 billion euros of Italian debt are some of the measures proposed in a draft government agreement between Italy’s rebellious Five Star Movement (M5S) and far-right League party, published on the Huffington Post website. The anti-establishment groups are locked in negotiations in a bid form Italy’s next government after two months of political deadlock following inconclusive elections in March. At the polls, M5S became Italy’s largest single party in parliament while the League headed up a right-wing coalition which garnered the most votes on election day. In a statement the League and M5S said the draft, which dates from Monday, was now “outdated” and had undergone “substantial modifications” since its creation. Among the more drastic measures in the lengthy 39-page document is the introduction of “legal and economic measures which would allow EU members states to leave the single currency and regain monetary sovereignty”.

Published: 17-05-2018 08:36

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