Who Exactly Are Five Star Movement?

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.

Bloomberg

European Yields Fall Ahead of ECB Decision

EUR/USD – Euro Takes Wild Ride After Italy Referendum

Oil Slips as OPEC Increases Production After Reaching Deal

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam