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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
MNI EXCLUSIVE: Italy Lega, 5 Star Aim To Boost Russia Ties
--Outgoing Government Spearheading Anti-Russia Hard Line at EuCo
--Lega Has Pledged To Boost Relations With Putin
--5 Star To Focus On Lifting All Sanctions Against Moscow
By Silvia Marchetti
ROME (MNI) - Italy will spearhead an anti-Russia movement at Friday's
European Council meeting, supporting the UK in the wake of recent events, but
the two populist parties who dominated the recent elections have both pledged a
much softer stances if they rise to power, MNI understands.
According to sources close to Democrat prime minister Paolo Gentiloni,
Italy, in solidarity with London, is rallying support at both the European Union
and NATO level for a common hard line against Moscow.
"Gentiloni and UK Prime Minister Theresa May have discussed in recent days
the unacceptable Salisbury event and Rome supports the full legitimacy of the
request made by London's government to have clear responses from Russia on its
role in such grave incident," said the source.
The official added that both leaders, speaking over the phone, agree that
joint solidarity moves must be made at both EU and NATO levels to send out a
strong message to Moscow.
The trouble is however that Rome's outgoing Democrat government is expected
to step down in a few weeks, leaving both Lega and the 5 Star Movement aiming to
recover ties with Russia.
--LEGA'S PUTIN PRAISE
In an interview with MNI prior to the vote, centre-right Lega party leader
Matteo Salvini praised the government of Vladimir Putin and his "capacity to
enforce sovereignty", pledging that once in power he would pave the way to
"stronger ties with Moscow".
Salvini's party secured 18% of votes and is Italy's third-largest party now
after 5 Star (32%) and the Democrats (19%). His success has seen him crowned as
leader of the centre-right coalition.
Putin's re-election this week strengthens the pro-Russia populist stances
in Italy, given that both Lega and the 5 Star are bound to be crucial players in
any future government.
--RUSSIAN PARTNERSHIP
The 5 Star Movement has also strongly signalled its desire to rebuild
relations with Moscow, dedicating an entire chapter of its manifesto to
Italy/Russia ties.
Once in power, 5SM pledges to "focus on lifting at once all existing
sanctions against Moscow, which are harming Italian exports and hampering global
cooperation against terrorism".
"Russia is a strategic, fundamental partner," says the 5SM manifesto, "an
essential interlocutor which cannot be ignored for the future of both Italy and
Europe".
Moscow is playing a fundamental role in the resolution of international
crises in Iraq, Syria, Libya and Yemen, notes the manifesto, which must not be
neglected.
According to the 5 Star, the "(Western) crisis in the relations with Russia
has negatively impacted on our (Italy) economy with a E3.7 billion drop in
exports last year." But, they note, there are other non-economic issues at stake
as well.
"We need to consider the regional influence Moscow has in numerous crises
areas, from the Middle East to North Africa, where Russia has become a strategic
partner for Egypt and an influential player in the Libyan crisis," adds the
document.
--NATO ROLL-BACK
Italy's electoral campaign, like many other recent campaigns in the West,
was tainted with rumours that Russia was sponsoring a populist victory,
dismissed by both Lega and 5 Stars as "fake news".
In their manifesto, 5 Star also pledge to push for a thorough NATO reform
to prevent member states giving up further sovereignty, whilst revising the
presence and function of NATO military bases in Italy.
The program was discussed and approved online by all 5 Star supporters,
which makes it binding on the Movement according to their statutes.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$B$$$,M$E$$$,M$I$$$,M$R$$$,M$X$$$,MC$$$$,MI$$$$,MX$$$$,MGB$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.