Italy's 5-star wants expansive economic policy, aims to reduce debt

Anti-establishment 5-Star Movement Luigi Di Maio smiles during a news conference at the Foreign Press Club in Rome, Italy, March 13, 2018. REUTERS/Tony Gentile
Anti-establishment 5-Star Movement Luigi Di Maio smiles during a news conference at the Foreign Press Club in Rome, Italy, March 13, 2018. REUTERS/Tony Gentile
Anti-establishment 5-Star Movement Luigi Di Maio smiles during a news conference at the Foreign Press Club in Rome, Italy, March 13, 2018. REUTERS/Tony Gentile

ROME (Reuters) - The leader of Italy's 5-Star Movement said on Tuesday the anti-establishment party would put forward an expansive economic policy and aim to reduce debt if called to form a government.

5-Star emerged as Italy's biggest party from a national election on March 4, behind a center-right coalition, but neither group got enough seats to form a working majority.

"We need to adopt expansive economic policy, but with a view to reducing the debt," the movement's leader and aspiring prime minister Luigi Di Maio told foreign reporters. Italy has the second-highest debt in the euro zone as a proportion of output, after Greece.

Di Maio said he thought there was flexibility to change the parameters of the European Union's economic rules, an aim it shares with the far-right League, which leads the center-right.

Di Maio added that 5-Star "wants nothing to do with extremist parties in Europe."

(Reporting by Gavin Jones, writing by Isla Binnie)

People also read these

Slovenia's Stuhec wins Alpine skiing women's...

Feb 12, 2017

US-ALPINE-WORLD-WOMEN:Slovenia's Stuhec wins Alpine skiing women's downhill gold

Biathlon: Dahlmeier wins fourth title with relay...

Feb 17, 2017

US-BIATHLON-WORLD:Biathlon: Dahlmeier wins fourth title with relay gold in Germany

Russia's VTB plans to slim down in Europe, keep...

Feb 27, 2017

US-RUSSIA-VTB-EUROPE:Russia's VTB plans to slim down in Europe, keep London as hub

Austria's foreign minister suggests halving...

Mar 1, 2017

US-EUROPE-AUSTRIA:Austria's foreign minister suggests halving number of EU commissioners

Bargain shoppers dominate quiet NHL trade...

Mar 2, 2017

US-ICEHOCKEY-NHL-TRADES:Bargain shoppers dominate quiet NHL trade deadline day

Sign up now!