Italy’s Salvini says he has no veto after meeting with Draghi By Reuters

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3/3 © Reuters. Consultations continue to form a new Italian government, in Rome 2/3

By Angelo Amante ROMA (Reuters) – Italian League leader Matteo Salvini said the right-wing party would decide next week whether to back a government led by Mario Draghi, but common ground emerged in discussions on Saturday. . “Unlike others, we do not believe that simply saying don’t get you anywhere … the best interest of the country should come before any personal or party interests,” Salvini told reporters after meeting with the former head of the Bank. Central European. Italian head of state Sergio Mattarella asked Draghi on Wednesday to try to form an administration after the previous one, led by Giuseppe Conte, was toppled due to the collapse of the ruling coalition. “We want to be part of a government that goes to Brussels with its head held high in the name of the national interest,” Salvini said. The right-wing leader has repeatedly changed course since Draghi received his mandate, first calling for snap elections and then saying he would not rule with the largest party in parliament, the anti-establishment 5-Star Movement. While on paper, the League’s willingness to join a coalition should facilitate Draghi’s work, the situation remains complex and Draghi’s path to a parliamentary majority is still unclear. The center-left Democratic Party has said it does not want to rule with the League, while 5-Star has yet to make its position clear. Draghi is now meeting with the 5-star delegation led by its founder, former comedian Beppe Grillo. That meeting is the last of his first round of formal negotiations with the parties. He will conduct a second round next week in which he will try to overcome any mutual vetoes regarding the composition of his coalition and political proposals. Italian financial markets have rebounded in anticipation of Draghi’s success. Last week, Italy’s 10-year bond yield posted its biggest weekly decline since July, while the German Bund yield gap narrowed to its lowest level in five years. Investors are hoping the man widely credited with saving the euro during the 2012 sovereign debt crisis can spearhead reforms to boost growth in a country that has long underperformed its European peers. , which weighs on the entire euro zone.

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