The Wall Street Journal: Italy’s new government in turmoil after pick of euroskeptic economic minister blocked

ROME — Italy was thrown into political turmoil Sunday evening, as the Italian president blocked the formation of a new government supported by two anti-establishment parties due to concerns the coalition could endanger Italy’s membership in the single currency.

Italian President Sergio Mattarella blocked the ascent to power of a government supported by the maverick 5 Star Movement and the hard-right League after they proposed a euroskeptic figure as economy minister, an especially delicate job for a country with a €2 trillion public debt.

The dramatic developments sparked immediate calls Sunday evening from the two maverick parties for fresh elections. But Mattarella instead will likely on Monday ask Carlo Cottarelli, a former International Monetary Fund official, to attempt to form a new government.

>>> Original Source <<<