Milan Stocks Rise 1.75 Percent After President Vetoes Eurosceptic Minister

Umer Jamshaid Published May 28, 2018 | 12:56 PM

The Milan stock market rose sharply early Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister,

Milan, (APP - UrduPoint / Pakistan Point News - 28th May, 2018 ) :The Milan stock market rose sharply early Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister, enraging the anti-establishment Five Star Movement and far-right League and prompting their prime minister-elect to step aside.

The president looks set to appoint a pro-austerity economist formerly with the International Monetary Fund to lead a technocrat government ahead of new elections.