Italy's Di Maio says 'pragmatism' needed on use of ESM - paper


  • World
  • Saturday, 25 Apr 2020

FILE PHOTO: Italian Foreign Minister Luigi Di Maio looks on during a news conference after bilateral talks between Italy and Russia at Villa Madama in Rome, Italy February 18, 2020. REUTERS/Guglielmo Mangiapane

MILAN (Reuters) - Italy must be "pragmatic" in evaluating whether to tap the European Stability Mechanism (ESM), Foreign Minister Luigi Di Maio was quoted on Saturday as saying, marking a shift in the stance of the ruling 5-Star Movement on the bailout fund.

The 5-Star has previously said Italy's government could collapse if it turned to the ESM, an intergovernmental fund that has doled out money in the past with painful conditions attached, as advocated by the Netherlands and other wealthy northern nations for states in need.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In World

Rains in southern Brazil kill at least 31, more than 70 still missing
Panama top court deems presidential frontrunner's candidacy constitutional
Georgian PM calls U.S. criticism of draft 'foreign agents' law false
Boeing sending first astronaut crew to space after years of delay
Former Trump aide Hope Hicks testifies at criminal trial
Ukrainian agent killed before he could attack fuel terminal - Russian FSB, cited by Interfax
Chad prepares to vote in a coup-hit region, wary allies look on
Heatwaves and outages test support for juntas in Chad and Mali
Ethiopia's Amhara militia says resettlement plan 'beats war drum'
You’re surrounded by scammers

Others Also Read