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Italian cabinet infighting overshadows growth plan

  • April 24, 2019

Italy’s government approved an economic growth plan in the early hours of Wednesday after a bad-tempered cabinet meeting that exposed divisions in the ruling coalition and fueled speculation of a government collapse.

The ruling parties, the right-wing League and anti-establishment 5-Star Movement, are feuding as they compete for votes ahead of European Parliament elections on May 26, stoking investor fears that the government could fall.

The government had presented the decree as a landmark in its efforts to kickstart Italian growth, which has lagged euro zone peers for two decades, but it instead served to underline an intensifying feud between the coalition partners’ leaders.

Cabinet also broadened the scope of its plan to compensate savers hit by the country’s recent banking crisis, making the money available to those with an annual income of up to 35,000 euros ($39,000) or with assets of up 200,000 euros.






Article source: http://www.dailystar.com.lb//Business/International/2019/Apr-24/481789-italian-cabinet-infighting-overshadows-growth-plan.ashx

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