Rome, May 29 (IANS/AKI) Italy's Foreign Minister Angelino Alfano on Tuesday sharply rebuked European Union Budget Commissioner Guenther Oettinger for allegedly suggesting that negative investor sentiment would deter Italians from voting for populist parties in future.
"Markets have nothing to teach our electorate. Italians know how to vote and a lot can be learned from Italian democracy.
"In mature democracy like ours, the result of a free and fair vote must be respected - whether you like the outcome or not," Alfano said in a statement, adding: "Brussels would do well to avoid declarations that aid those who want to break with Europe".
The grassroots Five-Star Movement and the far-right, eurosceptic League party also blasted Oettinger, who in an interview with Germany's Deustche Welle radio station due to be published later, reportedly states: "The negative development of the markets will lead Italians not to vote much longer for the populists."
Five-Star and the League, which won over half the votes cast in Italy's inconclusive March 4 national election this month unveiled an anti-austerity programme of government which roiled markets at home and abroad and sent jitters through the 28-member bloc. The joint agenda includes billions of euros of tax cuts, extra welfare spending, a reversal of pension reforms and a review of EU treaties.
Although the nascent populist government collapsed last week after Italy's President Sergio Mattarella vetoed its choice of a prominent eurosceptic for Finance Minister, Five Star and the League are expected to score an even bigger victory in a re-vote likely to be held in September.
--IANS/AKI
vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
