💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Italy's 5-Star chooses UKIP for European Parliament alliance

Published 12/06/2014, 21:23
Updated 12/06/2014, 21:32
Italy's 5-Star chooses UKIP for European Parliament alliance

ROME (Reuters) - Italy's 5-Star Movement voted on Thursday to ally itself with Britain's UK Independence Party (UKIP) in the European Parliament, rejecting its only other possible partner.

The vote paves the way for an alliance between the anti-establishment 5-Star and the anti-European UKIP, which would give the group's members more power over European legislation, access to more funding and the right to sit on committees.

According to results posted on a blog run by 5-Star's leader, comedian Beppe Grillo, 78.1 percent of the group's voters chose UKIP, while 11.9 percent abstained.

Ten percent of 5-Star, which burst onto Italy's political scene for the first time last year, opted for the European Conservatives and Reformists (ECR), which voted on Thursday to bring Germany's anti-euro AfD party into its bloc.

The 5-Star movement won 25 percent of the vote in its first parliamentary election in 2013, as Grillo's populist rhetoric appealed to Italians exasperated by years of political scandals followed by the austerity policies of Mario Monti's caretaker government.

© Reuters. Leader of the Five Star Movement and comedian Grillo gestures while speaking during an election campaign for European Parliament elections in Rome

But it failed to recreate that success at last month's European elections, taking 21.2 percent of the vote. By comparison, pro-European Prime Minister Matteo Renzi's Democratic Party (PD) won more than 40 percent.

Shortly after the results were published, Grillo tweeted a photograph of UKIP leader Nigel Farage grinning over a pint of beer raised in an apparent toast.

(Reporting by Isla Binnie; Editing by Larry King)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.