5/17/2018, 2:03 PM (Source:
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League, 5-Star Movement near deal on govt program

Italy's two anti-establishment political parties are nearing a final agreement on Thursday on a government program, according to local media, including a new strategy for the struggling Banca Monte dei Paschi di Siena. According to the latest draft published by Corriere della Sera, the program contains no proposals which call into question Italy's membership in the European Union, however, it does contain suggestions that go against the bloc's rules on fiscal discipline.

Following the release of the current draft, the euro traded flat against the greenback at 2:15 pm CET, buying 1.18068.

Breaking the News / JC