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Free AccessREPEAT: MNI: Italy Renzi Separatists Could Ally With 5 Star
Repeats Story Initially Transmitted at 08:30 GMT Mar 1/03:30 EST Mar 1
--Democrat Breakaway LEU Group Could Hold Key To 5-Star Government
By Silvia Marchetti
LONDON (MNI) - Italy's new leftist Free and Equal party (LEU) could ally
with the anti-establishment 5-Star Movement to help form a governing coalition
after Sunday's election, MNI understands.
With only a few days to go until the vote, LEU, the anti-Renzi dissidents
who peeled away from the Democrat Party, are the only grouping among all Italian
parties running for election not to dismiss a potential alliance with 5-Star.
"As long as there is real, solid convergence on our key program priorities
-- mainly jobs and welfare -- we are ready to sit down and talk on possible
alliances with most parties, including 5-Star, but not with Silvio Berlusconi's
centre-right coalition," a spokesman for the Free and Equal party told MNI.
As long as the potential allies are willing to focus on the creation of new
jobs through a pick-up in the use of fix term contracts, and the relaunching of
public and private investments, the door is even open to 5-Star, he added.
"Our goal is to push Italy to the front of the European stage by boosting
investment, in which we currently trail behind other main EU countries", added
the spokesman.
--POLICY, NOT POSITIONS
What currently unites Free and Equal and 5 Stars is not just their crusade
to support employment levels and a more efficient welfare, but also their
political post-vote strategies. Both pledge to build potential alliances only
based on common goals and 'content', not on mere tactics to reach the 40% of
votes necessary to form a new government.
"We are not interested in sharing and distributing ministries, top
positions and departments. We demand a clear will to pursue along the rightful
path to better this country. A mere game of puppets is not our goal," the LEU
spokesman said.
In a recent interview with MNI, LEU co-founder Roberto Speranza said it was
crucial to scrap Renzi's Jobs Act reform, which he felt had harmed the labour
market, and to give workers more rights against lay-offs. Speranza also stressed
that "any kind of alliance, built on mere electoral alchemies", would be
short-lived as it would hinder governability in the long-run.
The 5-Star movement share LEU's position. In the vote's day-after, if the
party will win the highest share of votes but will not have secured the required
majority, it will launch a round of talks with all available parties.
--5-STAR TALKS
Five-Star have also said they are prepared to talk to all parties if they
fall short of a governing majority, but any potential partner must pledge they
will accept 5- Stars' governing objectives.
Danilo Toninelli, 5- Star leader in the Lower House, stressed that "first,
we need to see if we do get the right amount of votes. If we do, we'll move on
alone."
"If we don't, we are willing to discuss potential scenarios with all
political forces. Nobody is excluded, as long as partnerships are based on
program priorities and not mere moves just to get to power," he added.
"We will be strict in applying a code of conduct. Given we do not trust any
party, it's crucial that our potential allies after Sunday's vote officially
bind to our program before we form a cabinet, and not afterwards. It's a matter
of loyalty and respect to our voters," said Toninelli.
Analysts have voiced concern over a "dangerous convergence" between the two
parties. The 5 Star currently polling between 27% and 30%. The anti-Renzi LEU
group might get up to 8% of votes -- draining significant support from the
mainstream Democrats, -- which, combined, could put them close to the 40%
threshold required to form a government.
An alliance between the two groups would be a major blow to Renzi. The LEU
party is led by Pietro Grasso, the current Senate leader, Italy's second-most
important constitutional figure after the head of state. Grasso, confident of
his own credibility, has repeatedly argued that his group is set to play a
significant role in framing possible post-vote alliances.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
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.