Italy's President may ask ex-IMF official to head Govt - Reuters

Dhwani Mehta FXStreet

Italy’s President, Sergio Mattarella, is said to ask a former International Monetary Fund (IMF) director of Fiscal affairs Carlo Cottarelli on Monday to head a stopgap government, with early elections looking inevitable.

Key Highlights (via Reuters):

“Cottarelli would be a calming choice for the financial markets, but any technocratic administration would likely only be a short-term solution because the majority of parliamentarians have said they would not support such a government.

If, as expected, he fails to win parliamentary backing, Cottarelli would simply ferry Italy to elections that would most likely be held in September or October.“

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.

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