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League and Five Star Movement, two populist parties, collected around 50 percent of votes, according to preliminary calculations. The euro saw little changed on Monday morning, despite strong support for eurosceptic movements in the Italian Election. Five Star Movement, who have the highest amount of votes, had previously run on a manifesto calling for an opt-out referendum on eurozone membership. Party leader Luigi Di Maio has since dropped his long-held threat to the European Union, but still challenged the bloc on its policies with southern European nations.

GETTY Italian Election results prompt Germany cry to get Berlin out of the euro

Germany must get out of the euro now Hans-Olaf Henkel

Italy has long been considered a threat to European stability because of the insecurity of its banks, on which the country’s political disharmony has a substantially bad impact. German MEP Hans-Olaf Henkel told Express.co.uk yesterday: “The majority of Italian Election results are critical toward the EU, even against the euro! "All politicians promised the moon to the Italian voters. "The results will mean even higher debts than those 130 percent of state debt today, further deterioration of competitiveness of Italian industry and more unemployment. "But Italian president of the European Central Bank, Mario Draghi, will print even more money.

“In the end, the eurozone will be the ideal transfer mechanism from the north to the south. “That’s why Germany must get out of the euro now!” Germany is said to have already saved the euro from a full-on crash in the wake of the eurosceptic results in the Italian Election. Carlo Alberto De Casa, chief analyst at ActivTrades said in no uncertain terms, the Italian election has results in a relatively ungovernable country.

Italian election 2018 LIVE pictures: Who will win Italy election? Sun, March 4, 2018 Silvio Berlusconi, Matteo Salvini, Luigi Di Maio and Matteo Renzi battle it out to become the next Prime Minister Play slideshow TWITTER 1 of 8 Italian election exit polls show Five Star Movement surge