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Populists Humiliated in Italy Vote

  • Salvini, Five Star are both losers in Emilia-Romagna election
  • Regional vote shifts the balance of power in Conte’s coalition
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WATCH: Conte’s government is still in chaos, according to Teneo Intelligence.Source: Bloomberg

Matteo Salvini’s latest attempt to grab power in Italy ended in humiliation, as his right-wing populist party lost a crucial regional election, breathing new life into the ruling coalition. Italian bonds surged.

The center-left Democratic Party saw off a challenge from Salvini’s League in the northern Emilia-Romagna region, a leftist stronghold for decades.