Italy's eurosceptic leader Salvini says euro is 'irreversible'

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League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, eurosceptic party would ever ...

ROME: League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, eurosceptic party would ever again raise doubts over Italy's membership of the single currency.

"I say this once and for all, and then I hope that no one inside and outside my party will raise this issue again. The League is not thinking about Italy's exit from the euro or the European Union", Salvini told Il Foglio newspaper. The League walked out of its government with the anti-establishment 5-Star Movement in August in a failed attempt to trigger early elections. Its poll ratings have since slipped and Salvini has adopted a softer tone on issues like Europe.A senior League source, who asked not to be named, told Reuters that Salvini was pursuing a pragmatic approach.

During the League's 14 months in government, the spread between Italian and German bonds widened, and the cost of debt servicing increased, with financial markets skittish about the permanently tense relations with Brussels.

 

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