Italy's League chief sees government program completed Wednesday


Italy's League chief sees government program completed Wednesday

Di Maio and League leader Salvini said they expected to wrap up negotiations on a contract between the two sides on Wednesday.

The two pre-election adversaries began negotiating a coalition deal last week, more than two months after an inconclusive March 4 election produced a hung parliament.

"If there's an agreement we'll get started, but first I'll ask you", he said, addressing the camera. In it, the parties said they planned to ask the European Central Bank to forgive 250 billion euros ($296 billion) of Italian debt purchased under the euro zone central bank's quantitative easing (QE) program. Italy, along with Greece, has taken the brunt of the Mediterranean migrant crisis and has been credited with saving Europe's honour for its efforts to save lives at sea.

The parties are still trying to find the right balance between their two policy platforms, Salvini added. The spread is a "cynical board game of high finance", he said.

According to Italian media reports, their nominee for Prime Minister is likely be from a "third party" and will have to be able to make the eurosceptic nature of the new government workable with Brussels. "The European Union would not be complete without the Italian nation", Juncker said. 5-Star has moderated its position considerably in the a year ago, rowing back on a previous plan to hold a referendum on Italy's membership of the currency bloc.

Hours after the document leak, 5-Star and the League issued a further joint statement saying they wanted to "reconsider" the Eurozone's fiscal rules with Italy's partners "in the spirit of returning to the pre-Maastricht set-up" - a reference to the treaty which laid the groundwork for monetary union.