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The 5 Star Movement and the League agreed on a new cabinet Thursday, and after vetoing the last proposal from the populist parties, President Sergio Matarella signed off.
One happy man: Steve Bannon has been in Italy in recent days promoting the coalition-in-waiting. Sources tell Axios he met with Matteo Salvini, the leader of the League, in March and encouraged him to partner with Five Star.
- Political newcomer Giuseppe Conte is still slated to serve as prime minister, but the crucial finance minister position will go to little-known economics professor Giovanni Tria.
- The economic program of the two euroskeptic parties, which were the two big winners in March's election, has caused a storm in European markets the last two weeks.