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The leader of the populist party Five Star Movement exceeded all expectations in the Italian election results making his party the largest in Italy by a wide margin. Speaking at his party's latest press conference, Mr Di Maio said he would be open to a dialogue with all political forces to form Italy’s next legislation, opening the doors to his counterpart Matteo Salvini, leader of the League party. He said: “We have the historical chance to finally come up with solutions to Italy’s main problems.

GETTY•LA7 Italian election results: Di Maio opens the door to an anti-EU coalition with Lega

“We have the great historical chance to deliver on what Italians have been waiting on for the last 30 years. “And this is why I want to be really clear about this: we are open to a dialogue with all political forces starting from the identification of the figures who will cover the two presidencies of the two houses of parliament. “But mainly from the identification of the themes that will form the political programme of the 18th Italian legislature. “I am hopeful because I am sure the President of the Republic, Sergio Mattarella, will know how to guide us at this moment.”

I want to be really clear about this: we are open to a dialogue with all political forces Luigi Di Maio

Finance expert Marco Elser claimed a coalition between the two populist parties would create a "big bomb" for Italy's markets. Speaking on Bloomberg News, Mr Elser said: “A crazy coalition would probably be Movimento Cinque Stelle with Forza Italia or with Lega.” He warned that a coalition between Five Star Movement and the League party would be like “putting two molecules of hydrogen and one of oxygen" and creating a "big bomb”.

Italian election pictures: Who won the Italy Election 2018? Mon, March 5, 2018 Italian election pictures: Who won the Italy Election 2018? Play slideshow Getty Images 1 of 21 Candidate of Five Stars Movement Alfonso Bonafede