Italy’s exit from the single currency would solve many of the country’s problems, but it is not part of the current government’s plans, a top lawmaker in the far-right League party said in an interview on Friday.

“I am and remain convinced that for Italy, recovering monetary sovereignty would be positive and would solve many of the country’s problems,” Claudio Borghi, the president of the lower house budget committee, told Corriere della Sera newspaper.

However, “you need a parliamentary majority which today isn’t there,” he added. The League does not govern alone but in a coalition with the 5-Star Movement.

The government “does not want to exit the euro”, he repeated.

News of Borghi’s appointment to the budget committee and the naming of another eurosceptic League member, Alberto Bagnai, to head the Senate finance committee prompted a sell-off of Italian bonds, stocks and the euro on Thursday.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.