Italian President Sergio Mattarella speaks to the media during the second day of consultations at the Quirinal Palace in Rome, Italy, April 5, 2018. REUTERS/Alessandro Bianchi/File Photo
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Italian President Sergio Mattarella summoned Wednesday a political novice who has been put forward by the anti-establishment 5-Star Movement and far-right League as their candidate to lead a coalition government.Italy's 10-year bond yield, a gauge of political risk, hit a 14-month high, while the cost of insuring exposure to Italian debt rose to a year-high.5-Star and the League told Mattarella Monday they wanted Conte to become premier. Looking to ride out the controversy, both 5-Star and the League reiterated their faith in Conte Wednesday and openly questioned why the president was taking so long to act.The League has said it wants an 81-year-old eurosceptic economist Paolo Savona to take the position -- a suggestion that has added to market alarm over where Italy might be heading.
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