Matteo Salvini's anti-immigration and eurosceptic League emerged the strongest party in the center-right coalition that also includes former prime minister Silvio Berlusconi's Forza Italia and took 37.3 percent of the vote, while the anti-establishment Five Star Movement (M5S) became the most successful single party with 32.4 percent.
EFE/EPA
5/3/18
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Italy's eurosceptic League has claimed the right to lead a new government, telling investors they should have no fear of it taking office after an inconclusive election gave its centre-right alliance the largest bloc of votes.
ReplyDeleteThe country faces a prolonged period of political instability after voters delivered a hung parliament yesterday, spurning traditional parties and flocking to anti-establishment and far-right groups in record numbers.
"The markets have nothing to fear," League leader Matteo Salvini told reporters in Milan, hours after the anti-establishment Five-Star Movement also claimed the right to govern as the biggest single party.
Shares, bonds and the euro all weakened on prospects of an administration led by eurosceptic parties promising to ramp up spending.
Mr Salvini, whose rightist alliance is on course for around 37% of the vote, criticised both the euro and European Union restrictions on national budgets.
"The euro was, is and remains a mistake," he said, adding, however, that a referendum over the continued participation of the euro zone's third-largest economy in the single currency was "unthinkable".
RTE