Italy's Di Maio rules out euro exit, denounces scaremongering

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Italy's Di Maio rules out euro exit, denounces scaremongering

 

Italian Deputy PM Luigi Di Maio speaks during a news conference in Cairo, Egypt August 29, 2018. REUTERS/Mohamed Abd El Ghany/Files

 

ROME (Reuters) - Italian Deputy Prime Minister Luigi Di Maio on Sunday ruled out that the government could take the country out of the euro zone, saying such talk was no more than scaremongering by its political opponents.

 

"No-one need fear an exit from the euro or from the European Union, there is no danger and no intention because that isn't what the Italians asked of us at the election," Di Maio said in an interview on private television station Canale 5.

 

Di Maio, who leads the anti-establishment 5-Star Movement which governs with the right-wing League, told the station that the opposition Democratic Party said the government wanted to leave the euro "because they want to scare people".

 

Both the League and 5-Star once campaigned on an anti-euro platform, but the former rivals ditched any plans to leave the single currency when they joined forces to form a government in June, following an inconclusive national election.

 

However, financial markets remain nervous despite repeated reiterations that ditching the euro is not in the government's programme, and occasional eurosceptic comments by coalition members have triggered sell-offs of Italian government bonds.

 

An Ipsos opinion poll published on Saturday in daily Corriere della Sera showed 61 percent of Italians wanted to keep the euro, compared with just 27 percent who favoured a return to Italy's old lira currency.

 

(Reporting By Gavin Jones; editing by Emelia Sithole-Matarise)

 

-- © Copyright Reuters 2018-10-15

 

[blazes]

Lovely to see one of the EU's most powerful nations telling the Brussels bureaucrats to p!ss off and stop interfering in Italian politics and economic affairs.

[bristolboy]

2 minutes ago, blazes said:

Lovely to see one of the EU's most powerful nations telling the Brussels bureaucrats to p!ss off and stop interfering in Italian politics and economic affairs.

 

"Italian Deputy Prime Minister Luigi Di Maio on Sunday ruled out that the government could take the country out of the euro zone, saying such talk was no more than scaremongering by its political opponents."

Affirming membership in the Eurozone is what you call telling off the Brussels bureaucrats? 

 

[blazes]

Just now, bristolboy said:

 

"Italian Deputy Prime Minister Luigi Di Maio on Sunday ruled out that the government could take the country out of the euro zone, saying such talk was no more than scaremongering by its political opponents."

Affirming membership in the Eurozone is what you call telling off the Brussels bureaucrats? 

 

 

"Affirming membership" (which of course I did not myself mention) is not at issue here.  The issue (for those who don't keep up with the news) is that Italy is asserting its right to present its own budget to its own people without reference to limits set down by Brussels (as did Germany on several occasions in the last decade or so).

 

Sorry if it's confusing.

[bristolboy]

1 minute ago, blazes said:

 

"Affirming membership" (which of course I did not myself mention) is not at issue here.  The issue (for those who don't keep up with the news) is that Italy is asserting its right to present its own budget to its own people without reference to limits set down by Brussels (as did Germany on several occasions in the last decade or so).

 

Sorry if it's confusing.

Sorry if that's not what the thread is about.

[Retiredandhappyhere]

1 hour ago, blazes said:

 

"Affirming membership" (which of course I did not myself mention) is not at issue here.  The issue (for those who don't keep up with the news) is that Italy is asserting its right to present its own budget to its own people without reference to limits set down by Brussels (as did Germany on several occasions in the last decade or so).

 

Sorry if it's confusing.

But what happens if (and when) the EU rejects Italy's budget proposals with its large deficit?  How will Italy react then?

[Guest Jerry787]

brussel does not represent anymore europe, but their bankers and corporations

 

italy shall instead place on the table a possibility of Italy out of EU, then lets see the always "no sober" Junker will react.

greece has been the example of EU bankers policies, they killed such country.
its time that either Europe return to defend Europeans and not few big corporations and banks, or dissolve and go back to stage 1 before EU was created.

[Burma Bill]

Be brave - DITCH the Euro.

[whatsupdoc]

2 hours ago, Burma Bill said:

Be brave - DITCH the Euro.

And ruin the country?? What is brave about that?

[bristolboy]

4 hours ago, Jerry787 said:

brussel does not represent anymore europe, but their bankers and corporations

 

italy shall instead place on the table a possibility of Italy out of EU, then lets see the always "no sober" Junker will react.

greece has been the example of EU bankers policies, they killed such country.
its time that either Europe return to defend Europeans and not few big corporations and banks, or dissolve and go back to stage 1 before EU was created.

Another poster confusing the Eurozone with the EU.

And share with us which member nations of the EU have governments that are reining in the banks? The UK? Germany? France? Italy? You think the EU administration acted in opposition to those governments during the Greek crisis? Or did it do their bidding?