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Italian bond yields sink to record low as parties reach deal to form a new coalition government

Aug 29, 2019 - City A.M.

ITALY's 5-Star Movement and its old enemy the Democratic Party (PD) agreed to form a coalition yesterday evening.

PD leader Nicola Zingaretti said he had told President Sergio Mattarella that he was ready to enter a coalition with 5-Star, and let Guiseppe Conte continue as Prime Minister.

The two sides still need to agree on a shared policy platform and team of ministers, but 5-Star chief Luigi Di Maio and Zingaretti said they had pledged to find common ground in discussions.