Maurizio Martina, secretary of the centre-left Democratic Party, made the comments as the row continues over Italy’s budget plans which would raise the deficit to 2.4 per cent of gross domestic product in 2019.
Mr Martina said: “This government wants to take us out of the Eurozone, everything leads there.
“They want to present themselves as saviours of the country. I’m very worried, I would like people to realise the risks.
“When you overestimate growth in the way they did in the budget and you do not rebuild a balance, markets react as they are reacting.
“Even this morning, unfortunately, I really believe that unfortunately they have chosen to take us out of the eurozone.”
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The warning comes as Italy’s coalition government – made up of the right-wing League and anti-establishment Five Star Movement – is set to present its draft 2019 budget to the European Commission on Monday.
The budget has provoked fury in Brussels as it breaches deficit reduction targets agreed by the previous government.
The proposals have also raised fears about the possibility of Italy sparking another sovereign debt crisis after the Greek financial crash in 2010.
European Commission vice president Jyrki Katainen yesterday urged Italy to submit a draft budget that was in line with its previous commitments, warning of the risks to Italy and other countries in the Eurozone.
On Italy’s budget plans, Mr Katainen said: “The situation is very fragile.”
He added that no one wanted financial instability in Italy and other Eurozone countries “that may suffer from contagion risks”.
But Italy’s Eurosceptic coalition is refusing to back down on the issue.
Deputy Prime Minister Matteo Salvini said on Thursday: “We will not take a step back. We’ll invest in jobs and economic growth.”
His defiant comments come after the European Commission last week sent a letter to the Italian government, saying its budget plans were a “source of serious concern”.
The letter called on Italy to ensure its new budget will be “in compliance with the common fiscal rules”.
The draft budget must be submitted to Brussels by October 15.
Additional reporting by Maria Ortega.