Italy's new government wins first confidence vote in Senate

By Kitco News / June 05, 2018 / www.kitco.com / Article Link

ROME, June 5 (Reuters) - Italy's new, anti-establishment government won its first confidence vote in the upper house Senate on Tuesday after Prime Minister Giuseppe Conte had presented his coalition's agenda of tax cuts and higher welfare spending.

The government, backed by the 5-Star Movement, founded nine years ago as a grass-roots protest group, and the right-wing League, won the vote by 171-117 in the 320-seat Senate.

On Wednesday Conte's administration, which was sworn in on Friday, faces a confidence vote in the lower house Chamber of Deputies where 5-Star and the League have a comfortable majority, after which it will be fully empowered.

Reporting By Gavin Jones

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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