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Free AccessMNI SOURCE: Italy Lega, 5 Star Govt Deal At Hand, Maybe On Sat
By Silvia Marchetti
ROME (MNI) - A coalition deal between Italy's Lega Party and the 5 Stars
Movement is expected to be ready for tomorrow, a senior source close the
negotiations told MNI late Friday.
The official, a top Lega party deputy, elected in March, and who is
currently working on the agreement, expressed optimism over key program points
of convergence and said the document would be ready on Saturday.
"We are working on it, and everything is going smoothly, according to
plans. There are no tensions. We aim to define it by tomorrow (Saturday) so as
to present it officially to the head of state Sergio Mattarella early next week,
as soon as possible," said the source.
The deal between 5 Stars and the Lega will thus put an end to the prolonged
political stalemate that followed the Mar 4 election. Both parties had failed in
reaching agreement over the last two months, but when faced with the risk of
stepping aside to leave room for a technocrat government, they managed to get
past previous differences.
Lega secured 18% of votes at the election and 5 Stars garnered 33.7%.
Together they have the necessary support to form a ruling majority.
The two parties progressed towards a deal after former premier Silvio
Berlusconi's Forza Italia group -- a centre-right coalition ally of the Lega --
decided to take a step back and give the green light to the agreement.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MFIBU$,M$E$$$,M$I$$$,M$X$$$,MC$$$$,MX$$$$,MFX$$$,MGX$$$]
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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.