Fresh elections seemed like the most likely outcome, however, after it became clear Cottarelli's government would not pass a vote of confidence in parliament.
5-Star had waged an independent campaign at inconclusive March 4 elections, while the League campaigned as part of a coalition of right-wing parties.
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In addition, league sources told ESPN that Colangelo has told close associates he knows who made the tweets. The Ringer first reported the existence of the accounts and the privileged information being shared.
Savona will now serve as European Union minister instead.But there are still many unknowns about how the new administration - an uneasy alliance between two former political opponents, both jockeying for power - will govern Italy.Salvini, the bombastic and xenophobic leader of the League, who rose in recent years on the back of incendiary and racist statements about migrants and Roma, will take on the role of interior minister.
How did we get here?
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". Conte was to be the premier of the M5S-League executive that self-destructed after Mattarella vetoed Savona, citing the threat to Italians' savings because of market turbulence that would ensure from having an economy minister who was openly against the euro and Germany.
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But only two days after the company stopped using humans to curate the list, a fake news item made its way into the section. Facebook fired its human curators in response, saying at the time that it hoped to automate the Trending section.
Both parties have in the past advocated leaving the eurozone, but drastically toned down their rhetoric on the euro in the run-up to the March election. Although cabinet ministers are proposed by the prime minister and his coalition, they must be appointed by the president. M5S and the League smelt a rat and believed Berlin was behind the rejection of Prof Savona. Their PM candidate gave up his mandate, and both parties called for peaceful protests. As recently as 2014, Giorgio Napolitano did not accept Matteo Renzi's suggestion of Nicola Gratteri as minister of justice.
"We are radically something other than the majority that supports the government", Renzi tweeted. But Mattarella objected to Conte's choice for the finance ministry, euroskeptic economist Paolo Savona, saying it would alarm investors and have unsafe consequences for Italy's outstanding government debt. "It's a lie invented by Mattarella's advisors", Di Maio said in a live video on Facebook. We will have a technocratic government. For weeks, Di Maio and Salvini were locked in talks with Mattarella and struggled to form a government.
After the collapse of the M5S-League government bid, the president nominated former International Monetary Fund director Cottarelli to form a technocratic government. Just the prospect of a political government calmed markets Thursday.
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The regulator also recommended Rs8.23 and Rs11.65 per litre increase in the prices of kerosene and LDO respectively. After a constant hike for over 16 days, petrol and diesel prices have dipped for the first time by 1 paisa .
Andreeva said: "There are words and there are facts and we prefer to focus on the facts, which in this case speak much louder than words". The League leader is advocating for an election at the earliest possible date, which is no surprise since polls suggest his party would be the biggest victor if the Italians return to the polls. It hit a six-month low of $1.3205 on Tuesday. The EU Commission president had also chided one of his commissioners earlier in the week for comments deemed too harsh on Italy.