ROME (Reuters) - Italy's two anti-system parties are floating radical ideas to free up billions of euros for tax cuts and welfare, including asking the European Central Bank to forgive debt, in a bid to clinch a government deal after 2-1/2 months of stalemate.
Late on Tuesday, a draft coalition programme for the anti-establishment 5-Star Movement and the far-right League leaked. In it, the parties said they planned to ask the ECB to forgive 250 billion euros ($296 billion) of Italian debt purchased under the euro zone central bank's quantitative easing (QE) programme.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
