Italy is not facing another political crisis, the country's economy minister told CNBC just hours after a key government figure stepped back from his duties.
Luigi Di Maio has been leading the Five Star Movement , a party supportive of more social benefits in Italy, since late 2017. However, he said Wednesday he would be stepping down from the party's leadership. Di Maio has also been serving as foreign affairs minister. His party entered a new coalition with the pro-European social democratic party, Partito Democratico in September and his resignation has raised concerns over the stability of this goverment.
"Not at all, it is not a political crisis, it is not affecting neither the government — by the way Mr Di Maio will remain foreign minister — nor the majority, which is actually quite broad in the Parliament," Gualtieri told CNBC's Steve Sedgwick in Davos.
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