x

Society

Markets Up as Italy Prepares to Swear in First Populist Govt

ROME (AP) — Milan’s stock index has opened higher after Italy’s populists put an end to three months of political gridlock and formed a government, staving off the threat of new elections that could have become a referendum on the euro.

The anti-establishment 5-Star Movement and right-wing League are to swear in their Cabinet later Friday, after reaching agreement with Italy’s president to drop a euroskeptic economy minister and give birth to western Europe first populist government.

Milan’s stock index opened up 2.5 percent. Italy’s borrowing rates eased further.

Europe’s populists cheered, with French far-right leader Marine Le Pen, who shares the League’s firm anti-immigrant stance, tweeting: “It’s a victory of democracy over intimidation and threats from the European Union. Nothing will stop the return of the people to the stage of history!”

RELATED

ATHENS – A Greek Internet protection group said a police program that would scan people's faces and fingerprints goes against international human rights and is an invasion of privacy that could worsen discrimination.

Top Stories

Politics

ANKARA - Turkey's swiveling between offering diplomacy or gunboats and demands that Greece take troops off its islands near Turkey's coast is roiling the waters between the countries and plans to hunt for energy.

United States

NEW YORK – Grammy-nominated artist Eric Alexandrakis announced his latest release due out on February 1, titled Good Girls Never Waltz With Me, another new genre-bending addition to his critically acclaimed TERRA series of releases.

General News

ATHENS – Five members of the World Hellenic Interparliamentary Association (WHIA), with Rhode Island State Senator Leonidas Raptakis as head of the group, visited Evros on January 12-13.

Video

Despite Huge Volcano Blast, Tonga Avoids Widespread Disaster

WELLINGTON, New Zealand — The blast from the volcano could be heard in Alaska, and the waves crossed the ocean to cause an oil spill and two drownings in Peru.