The power-sharing agreement between Italy’s two populist parties is likely to raise concerns for officials at the European Union.The left-wing Five Star Movement (M5S) and the far-right Lega are on the brink of clinching power in the southern European nation, forming a coalition after neither party gained enough seats to govern alone at March elections. They released their plans for the next executive Friday morning which would potentially end more than two months of political instability in the third largest euro zone economy. The plan will be voted on by their members over the weekend and, if approved, could bring further problems for the EU.Their plan aims for a “necessary” re-discussion over European treaties, a “reduction” of the powers coming from Brussels, and a return to a pre-Maastricht setting.
Source: Italy’s incoming government wants to lift Russia sanctions and rewrite EU rules – CNBC
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Italian politics to decide markets fate
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Craig Erlam
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