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Italy Falls Into Political Chaos as Populists Slam President

  • President, party leaders clashed over economy minister name
  • Euro gains over rejection of euroskeptic finance minister
Bloomberg business news
Bloomberg’s Kevin Costelloe explains how Italy sank deeper into political turmoil.(Source: Bloomberg)
Updated on

Italy sank deeper into political turmoil as populist leaders pulled the plug on their attempt to form a government after the president rejected the choice of a euro-skeptic, Germany-bashing candidate as finance minister.

The anti-establishment Five Star Movement said it was considering proposing impeachment of President Sergio Mattarella after his veto, while anti-immigrant League leader Matteo Salvini hinted at a conspiracy and made a thinly veiled call for fresh elections. A new vote could be held on September 9, newspaper Corriere della Sera reported on Monday.