Conte and cabinet sworn in at Quirinale Palace

06 June, 2018, 02:16 | Author: Jason Torres
  • Italy government: Giuseppe Conte again asked to be PM

On Thursday, lawyer Giuseppe Conte was ordered to form a new government after Prime Minister-Designate Carlo Cottarelli returned the respective mandate to Italian President Sergio Mattarella.

The coalition deal promises to end three months of political turmoil with a government that aims to ramp up spending, challenge European Union fiscal rules and crack down on immigration. Eighteen ministers - five of them women - took the oath of office, pledging to observe Italy's constitution and work exclusively in the interests of the nation.

But the president, who has vast powers to protect Italy's Constitution during transition periods, objected to the alliance's choice of Paolo Savona, 81, for finance minister, citing Mr. Savona's involvement in a guide to leave the euro. The 5-Stars, meanwhile, have fostered similar relationships.

A formation of the new government will at least temporarily allay those concerns, because it will - for now - remove the threat that snap elections will be called later this summer, a prospect which anxious investors because it could have bolstered anti-EU parties.

Republic Day commemorates the day, June 2, 1946, when Italians voted in a referendum to abolish the monarchy in favor of a republic, Italy's first. This time, Savona will be given another post, possibly European affairs minister. The ceremony took place in Rome. "What will happen to them under Salvini's League?" head of non-profit organisation, Girasoli, Calogero Santoro said.

Matteo Salvini and Luigi Di Maio, the leaders of the right-wing League and euroskeptic 5-Star Movement, respectively, appeared at political rallies in several Sicilian cities a week before municipal elections are held on the island region.

After the swearing-in, Salvini told reporters his first order of business would be to "reduce the arrivals and increase the expulsions" of migrants, as well as the costs associated with their care.

Magnitude 5.5 earthquake strikes Kilauea summit
Officials warned the public to stay away from the plume because it can irritate skin and eyes and make it hard to breathe. Kilauea , standing at 4,091 ft (1,247 metres) tall, has now been erupting for 34 days in a row, the longest since 1955.

The spread, or difference in yield, between Italian and German 10-year government bonds, fell to 217 basis points after crossing the symbolic threshold of 300 basis points on Tuesday.

Salvini campaigned on a pledge to deport about 500,000 migrants from North Africa living illegally in Italy, with the near-bankrupt government subsidizing their care to the tune of billions.

The Cabinet also includes defense attorney Giulia Bongiorno as the new minister for public administration.

The changing of the guard sets the stage for obligatory confidence votes in Parliament next week.

Salvini has a long history of making controversial statements, particularly about immigrants in his native Milan, and has called the euro a "crime against humanity". Nigel Farage, a British force behind the successful Brexit movement, advised Italy's populists to "stay strong or the bully boys will be after you".

"It's clear and obvious that Italy has been abandoned".

Salvini has branded as "racist" advice from European Commission President Jean-Claude Juncker for Italians to work harder and be less corrupt instead of blaming their woes on the EU.

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