Egypt, Italy sign agreements to establish 89 applied technology schools    MSMEDA discusses extending technical cooperation with JICA    Suez Canal Economic Zone receives 24 new cranes for Hutchison's automated Sokhna terminal    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    FM pushes for deeper US investment and outlines Egypt's Gaza and Nile red lines in AmCham address    Gaza struggles under fragile truce as Egypt plans reconstruction conference    Egypt calls for deeper health, pharmaceutical partnership with Türkiye    Egypt's Sisi reaffirms strategic energy partnership with Eni    Chinese investment drives 50% of $11.6b in Egypt's SCZONE – chair    Egypt's stocks end mostly in red on Tuesday, 25 Nov., 2025    Ahl Masr Hospital Launches Region's First Burn Care Conference    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Italian PM-designate Conte taking his time to assemble cabinet
Published in The Egyptian Gazette on 24 - 05 - 2018

ROME, May 24, 2018 (News Wires) - Italian Prime Minister-designate Giuseppe Conte began putting together his cabinet team on Thursday, with party leaders pushing for an 81-year eurosceptic economist to be given the pivotal post of economy minister.
Conte, a law professor without political experience, is meeting all the groups in parliament to discuss his plans, and is unlikely to give the head of state his list of ministers before Friday evening, the 5-Star Movement said.
Plucked from obscurity by the anti-establishment party as the right man to head its coalition with the far-right League, Conte was given the mandate to form a government on Wednesday by President Sergio Mattarella.
League leader Matteo Salvini is expected to take over the interior ministry to pursue his promised crackdown on illegal immigration, while 5-Star chief Luigi Di Maio wants the labour ministry to enact his pledge to improve welfare for the poor.
Like the prime minister, neither Salvini nor Di Maio have any experience of government.
However, the economy ministry is proving most problematic - a potential clash looms between the League and Mattarella, who has the final say on ministerial appointments.
Salvini is lobbying for Paolo Savona, who has decades of experience in academia, banking and government but has spooked markets with his eurosceptic views that chime with the League's.
Di Maio endorsed the choice on Thursday, saying he and Salvini were seeking "the best people to bring change to this country, and Savona is certainly among these."
Savona has called Italy's adoption of the European single currency a "historic error" and calls for a "plan B" to be drawn up to let it leave the euro zone with as little damage as possible should this prove necessary.
Mattarella, who stresses that Italy must meet its European commitments, has let it be known through his aides that he does not want Savona.
Yet Salvini shows no sign of backing down, creating a headache for Conte and potentially undermining the delicate equilibrium of the coalition before it even gets going.
Former prime minister Silvio Berlusconi, an ally of Salvini before the election, said on Thursday his Forza Italia party would vote against the new government in parliament, calling its program "a naive book of dreams".
Forza Italia's votes are not necessary for the 5-Star/League coalition to obtain a majority.
The nascent government has the backing of most Italians, with an opinion poll by the Demopolis agency on Wednesday showing 61 percent were in favor and 39 percent against.
Savona's appointment would probably alarm EU heavyweight Germany, in particular. He warns in his latest book that the Germans are now trying to dominate Europe economically, having failed to achieve the goal militarily in World War II.
"Savona's positions are radically and suicidally anti-German," former Italian economy minister Vincenzo Visco said in an interview in the daily Corriere della Sera on Thursday.
Italian markets, which sold off this week on the prospect of an inexperienced, eurosceptic government taking over the euro zone's third largest economy, recovered on Thursday morning. Italy's main share index was up 0.4 percent and the gap between the yield on Italian benchmark bonds and their safer German equivalent narrowed to 184 basis points from 190 on Wednesday.


Clic here to read the story from its source.