Italy's 5-star leader Di Maio says Rome must delay approval of ESM reform


  • World
  • Saturday, 30 Nov 2019

FILE PHOTO: Italian Foreign Minister Luigi di Maio speaks during a news conference with U.S. Secretary of State Mike Pompeo (not pictured) in Rome, Italy, October 2, 2019. REUTERS/Alberto Lingria/File Photo

MILAN (Reuters) - The head of Italy's ruling 5-Star Movement said on Saturday the government should not sign off on a reform of the euro zone's bailout fund until plans for a wider banking union became clearer.

The comments by foreign minister Luigi Di Maio could hinder plans by the 19 member states of the currency bloc to reach a political agreement on the reform of the European Stability Mechanism (ESM) reform this month.

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