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In an interview published in Corriere della Sera on Sunday, Italy’s Deputy PM and leader of the 5-Star Movement Luigi Di Maio noted that an Italian referendum to quit the Euro is not in the governing coalition’s contract, Reuters reports.

Key Points:

Asked about a referendum, he said: “It was something the government was “sensitive to”, but it was not part of the governing “contract” agreed between the 5-Star and the League.

“This government will not pursue it.”  

Di Maio’s comments came after 5-Star founder, Beppe Grillo, said last week that Italy should have a “plan B” to quit the Eurozone if economic conditions dictated and that Italians should vote in a referendum to see if a majority wanted to quit the currency.