The leader of Italy's League Matteo Salvini, who this week pulled the plug ...
MILAN - The leader of Italy’s League Matteo Salvini, who this week pulled the plug on his own governing coalition and called for a snap election, said on Saturday leaving the euro was not an option on the table.
“The idea of leaving Europe, leaving the euro has never been in the pipeline,” Salvini told reporters on the sidelines of a rally near Matera, in southern Italy.Salvini’s far-right League on Friday filed a no-confidence motion to bring down the government it forms with the anti-establishment 5-Star Movement, a move that he hopes will lead to a snap election and install him as the nation’s new leader.
The decision lies with the heads of political groups in the Senate, who will meet on Monday to set a timetable.Salvini’s shock decision to call time on the 14-month-old government threw the euro zone’s third-largest economy into deeper political uncertainty just as it was due to start 2020 budget preparations, causing a sell-off in Italian bonds and shares.
Rome also needs to find about 23 billion euros to keep a promise to scrap a rise in sales tax scheduled to kick in from January.
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