After a career breaking glass ceilings to join a tiny global elite, Christine Lagarde will bring experience of cool-headed crisis fighting to her job as first female head of the European Central Bank.
The deal between populist 5-Star Movement and centre-left Democratic Party, two historic enemies, is set to bring to an end what Italian newspapers have dubbed “the craziest crisis ever”.
President Sergio Mattarella seeks swift end to weeks of political turmoil while Democratic Party raises bar for coalition deal with 5-Star.
Announcing his resignation, Italian Prime Minister Giuseppe Conte made a blistering attack on his own interior minister, Matteo Salvini, accusing him of sinking the ruling coalition and endangering the economy for personal and political gain.
In the middle of the holiday season, Italy seems set for renewed instability after Interior Minister Salvini called for a new election based on his party’s high polling.
More than 100 migrants stranded off the Italian coast cannot find a home, as Italy refuses to let them ashore until EU states offer them sanctuary.
The Italian government passed an emergency decree limiting the entry of ships into its territorial waters to curb the activity of migrant rescue boats operated by charity foundations.
New Prime Minister Giuseppe Conte and his cabinet – the first populist government in an EU-founding member – were sworn in by President Sergio Mattarella at the presidential palace.
Two of Italy's political parties have agreed to form another coalition government to avert a snap election. The League party and Five Star Movement have made a deal making former prime minister-designate, Giuseppe Conte, prime minister.
Five Star Movement leader Luigi Di Maio has offered leader of the far-right League Matteo Salvini to rule together after earlier efforts to form a government collapsed.
Italian President Sergio Mattarella received prime minister-designate Giuseppe Conte in a meeting that aimed to resolve a days-long standoff over the composition of Italy's next cabinet or lead to the appointment of a caretaker government.
The coalition of the anti-establishment Five Star Movement and anti-migrant the League has been high on hostile rhetoric, but it remains to be seen whether it translates into reality.
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