Italy's Deputy PM Di Maio: Euro referendum not part of Italian government plans
In an interview published in Corriere della Sera on Sunday, Italy’s Deputy PM and leader of the 5-Star Movement Luigi Di Maio noted that an Italian referendum to quit the Euro is not in the governing coalition’s contract, Reuters reports.
Key Points:
Asked about a referendum, he said: “It was something the government was “sensitive to”, but it was not part of the governing “contract” agreed between the 5-Star and the League.
“This government will not pursue it.”
Di Maio’s comments came after 5-Star founder, Beppe Grillo, said last week that Italy should have a “plan B” to quit the Eurozone if economic conditions dictated and that Italians should vote in a referendum to see if a majority wanted to quit the currency.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
