Italy’s new government wants funds to help countries quit the euro
Brussels — EU lawmakers from the two parties forming Italy’s new government coalition voted this week to set up EU funds to help countries quit the euro, a sign of the Italian leadership’s ambivalent position on the common currency. The vote came as the anti-establishment Five Star Movement and far-right League were finalising a deal to form an executive in Rome, under pledges that leaving the euro was not in their government programme. An earlier attempt to form a government foundered after the parties proposed an economist who had devised a plan for Italy’s departure from the eurozone as economy minister, prompting his rejection by the head of state. Despite the declared intentions to stay in the euro, all six EU lawmakers from the League and all but one of the 14 Five Star Members of the European Parliament voted on Wednesday for a document that called for the establishment of programmes of financial support "for member states that plan to negotiate their exit from the euro". The...
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