'New possibilities' for coalition government

The parties' new economy minister, another little-known figure, economics professor Giovanni Tria, has been critical of the EU's economic governance, but unlike Savona he has not advocated a "plan B" for possibly exiting the euro.

Mr Mattarella had vetoed the 5-Star-League's first proposed candidate for economy minister because of his Eurosceptic views.

The changing of the guard Friday comes on the eve of Italy's Republic Day, when Italians mark the birth on June 2, 1946 of the Italian republic after voting to abolish the monarchy. "The 5-Star Movement is set to govern the country".

"The initiative for a new anti-establishment government. would have to imply a credible pro-European commitment and a commitment to the Italian Constitution, i.e. the fiscal framework, to have any chance of flying", Codogno said.

After the ceremony, Conte headed to the premier's office to formally take the reins - and a symbolic little bell - from ex-Premier Paolo Gentiloni.

His cabinet line-up would directly involve M5S leader Luigi Di Maio and League leader Matteo Salvini both in the role of vice prime ministers.

"The good times for illegals is over - get ready to pack your bags", Salvini said at a rally in Italy's north on Saturday, adding however that he wants to economically assist migrants' countries of origin. The government's borrowing rate for two-year money doubled to two per cent. He heads Sunday to Sicily, the destination for most of the hundreds of thousands of migrants who have arrived in Italy in recent years after setting off on smugglers' boats from lawless Libya. He was mentioned as a potential Public Administration minister in the event that the Five Star Movement won a clear majority.

The first populist coalition in a founding member nation of the European Union has raised concerns in some European quarters. Le Pen shares the League's firm stance against immigrants. The populist parties, which got the most votes in the inconclusive March election, have promised to vote against it in a confidence vote. "One thing though: Gotta stay strong, the bully boys will be after you".

More news: Probe: Missile That Took Down MH17 Came from Russian Army Unit

"I'm in deep love with Italy, bella Italia", European Commission President Jean-Claude Juncker told a conference on Thursday.

Equity indexes around the world fell after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union and Washington's allies took steps to retaliate against US goods.

"That means more work, less corruption". "We will help them, as we always did".

He urged Italy not to "play this game" of holding the European Union responsible, adding "Nations first, Europe second".

His comments sparked outrage in Italy, with League leader Matteo Salvini blasting them as "racist" in his victory speech late Thursday in the League's base in northern Lombardy.

However, they seem to disagree on whether an election or a new government now is the best option.

A presidential veto is nothing new in Italy, and previous prime ministers have put forward an alternative name for the post when it has happened.

However on Wednesday Five Star leader Luigi Di Maio, who had called for Mattarella's impeachment following his rejection of Savona, offered an olive branch by proposing the controversial 81-year-old financier for another government post.

(Copyright © 2015. All Rights Reserved.)
 
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