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While Italy tries to form a government, leaked documents are causing concern



ROM talks between two anti-establishment parties to form a new Italian government seemed to pick up again on Wednesday, even though the financial markets were frightened by leaked documents indicating that the two sides wished that the two sides would have Radical change in Italian relations with the US European Union

The leaders of the Five-Star Movement and the League's anti-immigrant party dismissed the leaked document Tuesday as "old."

But the draft, which lay on the negotiating table Monday morning, was apparently not "old" enough to avoid raising jitter. On Wednesday, investors left Italian assets and stock trading on the Milan Stock Exchange slid off.

Current or not, the document collected by the Huffington Post Italy brought into focus the concerns of European government and financial markets over government-led governments that the two parties could mean for Italy and the European Union as a whole.

In a series of joint declarations, the two parties tried to distance themselves from the positions in the document, but seemed to betray only their reality ambitions for what they called "a rethinking" of Italy's relations with the European Union and common currency of most of its members, the euro, called.

In a joint statement, they protested Tuesday evening that the proposals in the leaked document had been "radically changed" in subsequent sessions. "For example, the parties to the euro have already decided not to discuss the single currency," it said.

But one and a half hours later, Five Star, led by Luigi Di Maio, 31, and the league, led by Matteo Salvini, 45, issued another joint statement clarifying or perhaps even veiling their position on the Eurozone has been.

This statement said that they would rather return to the agreement prior to the Maastricht Treaty of 1992, the framework and fiscal rules for the euro – a time when the Italian lira was the coin of the empire.

"The structure of European economic governance, based on the dominance of the market, and the observance of strict rules from a social and economic point of view unfounded, requires a rethinking with our European partners," they said. "The spirit must be to return to the time before Maastricht."

Either they are forming a government together or Italy is likely to return to election in the fall [196592002] During the election campaign and days of negotiations, many tried to think as well ofMattarella about their antagonism to the European Union

They argued that their proposal to hold a referendum on whether or not to leave the Eurozone was a thing of the past the founder of the party, comedian Beppe Grillo, reinvigorated the idea this month.

But the leaked document, whose authenticity was not denied, revealed that its anti-establishment and Eurosceptic heart was still throbbing.

The parties had already talked about other proposals in the draft, though their inclusion in the document seemed to solidify them. The text confirms that both parties want an "immediate withdrawal" of European Union sanctions against Russia, which both parties have come close to.

"We reaffirm our membership in the North Atlantic Alliance, with the US as a privileged ally and opening to Russia, which should not be viewed as a threat, but as an economic and commercial partner," the document said.

As part of the immediate consequences, the gap between Italy and Germany's 10-year bond yields rose.

Mr. Salvini, who spoke live on Facebook, enjoyed the fear.

"Do you remember the distribution?" Said Mr. Salvini mockingly, calling it the obsession of the "big financial powers" who were toying with Italy's future. He recalled that in 2011, bankers had fostered the collapse of the government of Silvio Berlusconi, fearing "the increasing prevalence, the declining markets".

He then targeted the elites in Washington, Berlin and Brussels, saying that he would do so ignoring their concerns about the possible new Italian government and placing the Italians first.


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