League leader Matteo Salvini said on Monday the euro was here to stay and he hop...
ROME - League leader Matteo Salvini said on Monday the euro was here to stay and he hoped that nobody in his far-right, euroskeptic party would ever again raise doubts over Italy’s membership of the single currency.
However Salvini, who had already distanced himself from calls to quit the currency during his recent time in government, made clear his party would never again stand on an “Italexit” ticket as he bids to portray a more moderate image. 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.
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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