ROME: Italian President Sergio Mattarella begins talks with key political leaders on Wednesday to see if a new coalition can be formed, as a proposed alliance between the anti-establishment Five Star Movement and opposition centre-left Democratic Party appeared to gain traction.
Investors appeared to believe the crisis would be short-lived with the much watched spread - the gap between German and Italian bond yields - shrinking, indicating the markets do not deem significant risk at this stage. The PD and M5S have been at each other's throats for years - but an alliance would see Salvini kicked out of government, a powerful motive for compromise.
The PD wants to work with M5S to deliver"a sharable, achievable program by a large parliamentary majority," Zingaretti said.
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