Italy’s 5-Star Di Maio: final government contract has been agreed

According to the latest headlines flashing on the wires, Italy’s 5-Star Di Maio officially announced that the final government contract has been agreed upon and here are some of the key highlights of the programme. 

   •  Includes “limited” deficit spending to boost growth. 
   •  Calls for full activation of 1992 Maastricht objectives.
   •  Does not include call for QE debt to be excluded from debt calculations.
   •  Urges review of EU fiscal rules.
   •  Does not include any plans for Euro exit or referendum.
   •  Calls for compensation for small shareholders in banks going into resolution.
   •  Seeks end to Russian sanctions.


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