Italian Coalition Talks Stumble, Raising Risk of Early Elections

  • Democrats say talks risk collapsing, citing Di Maio role...
  • ...while Five Star says talks with Democrats ‘got nowhere’
The meeting “arrived at nothing” according to Italy’s Five Star Movement. Bloomberg’s Alessandro Speciale reports.Source: Bloomberg
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Italy’s long-time rivals, the Five Star Movement and the Democratic Party, blamed each other as talks to form a government risked collapsing and throwing the country back on the road to early elections.

The bitter recriminations traded by the two parties suggest that even if an agreement is reached, Italy’s future government will be hobbled by the constant skirmishes that marred the previous Five Star-League administration. Italian bonds pared gains on the news that talks were struggling after yields earlier touched their lowest level since September 2016.