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U.S. Markets

Italian PM Conte says Italy wants a key role in EU reform process

ROME (Reuters) - Italian Prime Minister Giuseppe Conte said on Monday his new government would play a key role in reforming the European Union, including supporting the completion of a banking union and revising budget rules.

In a speech to the lower house of parliament ahead of a confidence vote, Conte promised improved ties with Europe following months of conflict under his previous government.

Once fierce foes, the anti-establishment 5-Star Movement and center-left Democratic Party (PD) have agreed to join forces under the leadership of Conte and after the far-right League last month walked out of its coalition with 5-Star in a failed effort to trigger early elections.

Reporting by Angelo Amante and Giuseppe Fonte; Editing by Crispian Balmer

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