-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
MNI INTERVIEW: Italy Centre-Right, 5SM Deal Poss On Key Points
--Deal Can Be Reached On Lower Taxes, Immigration, Safety: Fratteli Deputy
--Total Compromise Not "Realistic", Need To Exit Stalemate: Fidanza
By Silvia Marchetti
ROME (MNI) - Italy's centre-right coalition could ally with the 5 Stars
Movement only if there is an agreement on just a few key program points, a
senior Fratelli d'Italia official told MNI in an exclusive interview.
Carlo Fidanza, founder and newly-elected deputy of FdI, a centre-right
coalition member, said that there could be an opening to a deal "if 5 Star
agreed to align on crucial issues".
"For us, there are 10 key program points, but we are realistic. If we reach
a compromise on at least 6 of these, we can join forces with all parties,
including 5 Star," said Fidanza.
The three main points are immigration, safety and lower taxes, on which
there could be alignment with the 5 Star program. Less fiscal austerity, the
revision of all European treaties and greater leeway in state spending if needed
to support the ongoing recovery also unite both sides.
"It is obvious that having secured 37% of votes, our coalition is a winner
together with 5 Star, who got 32%. We are both the two key players. Therefore
our coalition is bound to be one of the pillars of any future government, open
to alliances as long as such alliances are framed within our agenda and not on
mere government appointments or roles," argued Fidanza.
--MUST BE COMPROMISE
He acknowledged that it would be impossible to have any party, especially 5
Star, align on a 100% basis to the centre-right's program, but that a compromise
was feasible.
A possible convergence on key objectives with the 5 Star might also be the
only way to safeguard the future of the centre-right coalition and exit the
political stalemate that has engulfed Italy since the Mar 4 vote.
Of the centre-right coalition parties, Lega got the most votes -- around
18% -- and is the largest group in the centre-right coalition which also
includes former premier Silvio Berlusconi's Forza Italia group.
Lega leader Matteo Salvini now leads the centre-right alliance, but Fidanza
downplayed the risk that Lega could pull out and team up alone with 5 Star.
"Our three parties will abide to our coalition agreement, together we are
stronger. Lega alone, without the rest of us, would be weakened in a purely
populist government whereas the entire centre-right would be stronger than 5
Star: 37% vs 32%. We'd have the greatest bargaining power in a future cabinet,"
said Fidanza.
--FORZA READY TO TALK
Several Forza Italia deputies reached by MNI declined to comment on a
possible 5 Star alliance but stressed that "dialogue was open with all political
forces".
However, sources close to Forza said that perhaps, among 5SM, there could
be members willing to split and join forces with the centre-right coalition if
5SM refused to reach a manifesto compromise.
Lega has never officially ruled out a potential agreement with 5SM, nor
openly criticised it during the electoral campaign.
Several Lega officials repeatedly told MNI that the "5 Star should not be
demonised, but respected given the enormous support they have across the
country".
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MFIBU$,M$E$$$,M$I$$$,M$X$$$,MC$$$$,MX$$$$]
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.