The Trader 

Market Outlook: Italian coalition unworkable

The Trader

The head of the ruling League party, powerbroker Matteo Salvini, yesterday declared the coalition with Luigi Di Maio’s 5-Star Movement unworkable after months of public feuding. PM Giuseppe Conte, who doesn’t belong to either party, said Salvini must explain to the nation why he was bringing the government down; (MPs are on summer holidays). Salvini, in a televised statement yesterday said, ‘’Italy can no longer put up with no’s, we need yes’s, we need to unblock, to build, to work – enough is enough, we must go to elections’’. Since 1945 the country has had 61 different governments in a parliament of 630 seats.

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