September 6, 2019 / 7:25 AM / 2 months ago

Italy's new government boosts chances of better relations with EU - DBRS

European Union and Italian flags are seen in downtown Rome, Italy, October 19, 2018. REUTERS/Alessandro Bianchi

MILAN (Reuters) - Italy’s new ruling coalition has increased the chances of a more constructive relationship with the European Union over budgetary issues, ratings agency DBRS said on Friday.

“Euro sceptic rhetoric will be put to one side,” DBRS said in a note.

A new government between the 5-Star Movement and the centre-left Democratic Party was sworn in on Thursday after the previous ruling coalition of 5-Star and right-wing League imploded.

But DBRS said the longstanding issue of low economic growth could remain unaddressed.

Reporting by Stephen Jewkes and Giulio Piovaccari

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