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Who Exactly Are Five Star Movement?

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The anti-establishment Five Star Movement spearheaded Prime Minister Matteo Renzi’s defeat in Italy’s referendum on constitutional reform. But that’s just the start of its ambitions to transform Italy and break up the European Union.

1. What is Five Star?

It calls itself a movement and insists it’s most definitely not a regular political party. It was founded in 2009 as a web-based organization by Beppe Grillo, a comic-turned-politician, and internet strategist Gianroberto Casaleggio. Grillo at first focused on uncovering corruption in government and at corporations like Parmalat SpA, branching out into politics as interest in his campaigns snowballed. The movement says it belongs to neither right nor left, and the main source for its views is Grillo’s blog, beppegrillo.it. Grillo is notorious for the expletives he shouts at political rallies — but at his home in Genoa he is a charming host, playing blues and jazz on a grand piano covered with piles of books.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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