Economics
Italian Premier Conte Vows Squabbling Coalition Will Survive
- Prime minister disagrees with Fitch on political tension
- Conte concedes League likely to make gains at European vote
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Italian Prime Minister Giuseppe Conte vowed the country’s fractious governing coalition won’t collapse after European elections in May and repeated that corrective budget measures such as a wealth tax aren’t needed amid the worsening economic outlook.
Conte, in an interview with daily Corriere della Sera, took issue with comments by Fitch Ratings that tension between coalition partners -- the populist Five Star Movement and right-wing League -- was contributing to investor uncertainty and could lead to an early vote.