By Giovanni Legorano
Two anti-establishment parties poised to take power in Italy have finalized a coalition agreement that challenges the constraints of the euro, setting up a possible fight with European leaders who only recently steered the common currency through a deep crisis.
The upstart 5 Star Movement and the hard-right League sealed an agreement Friday that seeks to reboot one of Europe’s most troubled economies with a mix of euroskeptic economic policies and tens of billions in tax cuts and stimulus spending.
The would-be coalition partners’ challenge to the European Union on economic policy shows how the bitter legacy of the debt crisis, especially in Southern Europe, continues to fuel antiestablishment politics, in combination with voter anxiety about immigration. A potential confrontation between Italy and the European authorities could revive concerns about the future of the eurozone.
The two parties now must agree on who to seat as the prime minister. Matteo Salvini, the firebrand leader of the League, and Luigi Di Maio, the 31-year-old head of 5 Star, plan to meet with Italian President Sergio Mattarella on Monday to inform him they are ready to form a government. A new government could be in place by the end of next week.
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