Italy’s PM-designate Carlo Cottarelli: “I accepted the mandate to form a government. I will present a program to bring Italy to elections. If there is a confidence vote by the Parliament, we will vote on budget and elections will be held start of 2019. If not, elections after August.”

Cottarelli is a high level IMF officer and former spending review chief of the Italian government.

Cottarelli says will try to form a ‘neutral‘ government that will preserve fiscal stability and lead country to new elections. He also stated that Italy’s Eurozone membership is fundamental.