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Friday, May 25, 2018

Populists of Italy aim to challenge EU

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Italy's two populist parties will try to reach a deal on Wednesday on forming a government, and a draft proposal is to demand billions in debt relief from the European Central Bank.

The draft, seen by HuffPost Italia, calls for €250bn of Italian bonds bought by the ECB to be cancelled. Italy has the second highest public debt in the eurozone.The two party leaders have accused the EU of interfering in the talks process.

Right-wing League leader Matteo Salvini condemned "unacceptable interference from the EU" while Luigi Di Maio of the anti-establishment Five Star Movement spoke of "continuous attacks... from Eurocrats".

Di Maio also targeted the UK's Financial Times for a story headlined "Rome opens its gates to the modern barbarians".
The paper warned that Italy was on the verge of forming "the most unconventional, inexperienced government to rule a western European democracy since the EU's founding Treaty of Rome in 1957".

-BBC

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