EXCLUSIVE: Italy PM candidate tells Express.co.uk Italexit ON CARDS as he HERALDS Brexit

The leader of Italian party the League said the upcoming is Europe’s “last chance” to reform itself.

In an exclusive interview with Express.co.uk, the Eu candidate Matteo Salvini warned is the perfect example to follow if Brussels refuses to listen to his demands.

Mr Salvini said: “On principle, I always support the opinion of a population who express themselves through a referendum.

“The British case is even more emblematic because it represents the first and only time so far where European citizens have had the opportunity to have a say about their membership of the European Union. And they rejected it. I’m not surprised.

“Why on earth would free people remain prisoners in a cage of absurd laws and regulation, with rigid constraints that humiliate the true needs of the people and their country?

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“With the Italian vote, the EU will have its last chance to reform itself. Otherwise, Brexit will be nothing else than the start of an inevitable crumbling process, with all the consequences and dangers this comes with.”

Matteo Salvini is running as Italy’s next Prime Minister in a pre-election coalition with Silvio Berlusconi’s party Forza Italia and far-right party Fratelli d’Italia.

The rise of Italian eurosceptic parties, such as the League and Five Star Movement, sparked fears in Brussels Italy could be next member state to cause disruption in the Union. 

The most likely scenario after the elections this Sunday is that no single party reaches a majority and Italy operates with a technocratic government or a grand coalition.

With Italy burdened by €2.2 trillion of debt, this scenario appeals to the markets that remain wary of the example set by Greece – which has continued to pay back loans – and are banking on seeing that money returned.

However, the second scenario of a centre-right coalition securing a majority government would shock the market, and Mike Ingram, Chief Market Strategist at WHIreland.

He told Express.co.uk that in recent years markets have reacted negatively to financial and political instability in Greece, and said, “the Italian economy is eight times larger and a signatory to the Treaty of Rome, so the impact on the European economy may be felt much more strongly”.

Mr Ingram said: “Although a distant prospect right now, Italy is a potential Euro Killer.”


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