Thursday, May 31, 2018

World Alert: Italian parties reach deal on a new government, ending a political crisis that had rattled global markets

Italian officials on Thursday announced the revival of a deal that will put two populist parties in charge of the euro zone's third-largest economy. At least for now, the agreement heads off the possibility of new elections, a scenario that had spooked investors who feared an even greater populist surge if a fresh vote were held. A spokesman said the Italian president had accepted the agreement and that the new government will be sworn in on Friday.
 
Democracy Dies in Darkness
 
 
World Alert May 31, 4:07 PM
 
 
Italian parties reach deal on a new government, ending a political crisis that had rattled global markets

Italian officials on Thursday announced the revival of a deal that will put two populist parties in charge of the euro zone's third-largest economy. At least for now, the agreement heads off the possibility of new elections, a scenario that had spooked investors who feared an even greater populist surge if a fresh vote were held.
A spokesman said the Italian president had accepted the agreement and that the new government will be sworn in on Friday.

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