Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Leading light of Italy's 5-Star revives euro referendum pledge

Published 07/18/2017, 05:36 AM
Updated 07/18/2017, 05:40 AM
© Reuters. Alessandro Di Battista of the 5-Star Movement gestures as he speaks during a rally in Palermo

ROME (Reuters) - A powerful figure in Italy's anti-establishment 5-Star Movement appeared on Tuesday to revive his party's calls for a referendum on euro membership, after other members softened their tone on the matter.

Alessandro Di Battista, one of the movement's most prominent parliamentarians, asked in an interview if a vote should be held, said: "Yes, absolutely."

The party founded by comedian Beppe Grillo started campaigning in earnest for the plebiscite in 2015, saying the people should have their say and Italy needed to restore its fiscal and monetary sovereignty.

Several senior members later played down the plan as the party sought to broaden its appeal in the build-up to next year's national election - with one describing it as just a "negotiating tool".

But Di Battista told Il Fatto Quotidiano newspaper that the movement, which now polls roughly neck-and-neck with the ruling Democratic Party (PD), had not stopped pushing for a vote.

"We have not changed our position at all. We have always proposed a consultative referendum, the only kind possible. When the people have their say, you have a stronger popular mandate to make sure you are treated with respect."

The different messages underline the challenge facing the party as it seeks to please some core supporters, while trying to shed its populist image and reassure foreign capitals and financial markets that it can be trusted in office.

Any such vote would not be legally binding as Italy's constitution bans referendums on matters governed by international treaties.

© Reuters. Alessandro Di Battista of the 5-Star Movement gestures as he speaks during a rally in Palermo

Italy is due to hold a national election in spring next year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.