The Italian right-wing Lega party denied reports that it’s seeking a 250 billion euro ($ 296.16 billion) debt write-off if it becomes part of a power-sharing deal with the anti-establishment Five Star Movement (M5S).Lega and the left-wing M5S have been locked in negotiations for more than two months, trying to find a political deal that would allow them to jointly govern Italy. This comes after a stalemate at national elections back in March where no party gained enough votes to go it alone.According to the Huffington Post Italy, which cited a draft of their negotiations dated May 14, the two parties were seeking to ask the European Central Bank (ECB) for a debt haircut of 250 billion euros. It also included a request for a mechanism that would allow member states to exit the euro zone. However, an economics spokesman for Lega denied Wednesday that the request was ever in the draft program.
Source: Italy’s populists deny they’ll ask for debt forgiveness after clinching power – CNBC
US and Oil Data Eyed as Italy Nears Populist Rule
DAX Steady as German CPI Matches Estimate
