Italy’s Berlusconi Gives Green Light to a Populist Tie-Up

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The chances of a populist government ruling Italy received a sizable boost from Silvio Berlusconi as he dropped his opposition to a tie-up.

After more than two months of maneuvering between the anti-establishment Five Star Movement and the anti-immigrant League, four-times premier Berlusconi yielded to pressure, including from his own lawmakers, and pledged that he is open to the two parties governing together. Italian bonds fell.

President Sergio Mattarella has given the two populist forces until Thursday afternoon to decide whether they can forge a majority. Efforts so far had been thwarted by Five Star Leader Luigi Di Maio’s demand that League head Matteo Salvini drop his alliance with Berlusconi’s Forza Italia…

Read more : Bloomberg, 10.05.2018