Free Trial
AUSSIE BONDS

Still Grinding Cheaper

GOLD

Respecting Recent Ranges

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 Access

MNI: Fear Of Elections Pushing 5-Stars To Back Gov't-Sources

(MNI) Rome

Italy's Five-Stars Movement is leaning towards voting in favour of a confidence motion on Thursday.

Italy's populist Five-Stars Movement is leaning towards voting in favour of the government in a key confidence motion on Thursday, potentially defusing the risk that Prime Minister Mario Draghi could step down, Five-Stars sources told MNI.

“It seems we are going towards a more conciliatory position," one source told MNI as internal party consultations continued. Five-Stars lawmakers had started Wednesday favouring an exit from the government, but the fear of triggering early elections is prompting them to change their view, sources said. (See MNI: Draghi Aides Pessimistic Before Thursday Confidence Vote)
98 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Italy's populist Five-Stars Movement is leaning towards voting in favour of the government in a key confidence motion on Thursday, potentially defusing the risk that Prime Minister Mario Draghi could step down, Five-Stars sources told MNI.

“It seems we are going towards a more conciliatory position," one source told MNI as internal party consultations continued. Five-Stars lawmakers had started Wednesday favouring an exit from the government, but the fear of triggering early elections is prompting them to change their view, sources said. (See MNI: Draghi Aides Pessimistic Before Thursday Confidence Vote)