Italy's Giuseppe Conte receives the green light to form a new government. Read more:
ROME - Italy’s president asked Giuseppe Conte to head up a coalition of the 5-Star Movement and opposition Democratic Party on Thursday, a move could that could improve Italy’s fractious relations with the European Union.
Italy’s 10-year borrowing costs fell to an all-time low at auction on Thursday on the news as the prospect of a snap election retreated. The creation of a new government is not yet a done deal, however, and the two parties still need to agree a shared policy platform and divide up cabinet posts. Italian Prime Minister Giuseppe Conte arrives at the Lower House of the Parliament in Rome, Italy, August 29, 2019. REUTERS/Ciro de Luca
The PD leader Nicola Zingaretti said the priority for the new coalition would be to revive the stagnant economy.
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