Financial markets are nervous as Italy faces the prospect of new elections as early as September after a nascent populist government collapsed over the weekend, prolonging nearly three months of uncertainty.
Of 18 ministers in the cabinet, only five are women.
Prime Minister-designate Giuseppe Conte presented his list of ministers to President Sergio Mattarella for the second time in a week and the new government will be sworn in on Friday.
Euroskeptic politicians cheered and Milan's stock index rose Friday after Italy's populists staved off the threat of a new election and formed western Europe's first populist government with a last-minute compromise.
It also came on the eve of the nation's Republic Day holiday, the day in 1946 when Italy abolished the monarchy and gave birth to the First Republic.
The new deal means he will lead the alliance between the right-wing League and his 5-Star Movement.
The leader of the S-Star Movement, the 32-year old Di Maio, will hold for himself the Ministry of the Economy and Industry. "We will soon vote on the budget law and will understand what will happen", another 5-Star source said.
What is happening in Italy echoes to some degree the debate that we had in Britain two years ago: who has control.
After meeting President Mattarella, Mr Conte confirmed reports that the new candidate for the key economy minister post would be economics professor Giovanni Tria. "Meanwhile the news takes us back to harsh reality, with an immigrant picking off the feathers of pigeons in broad daylight and in the middle of the street.Go home!" he wrote on Facebook. "It's the latest slap in the face from the powers-that-be that says Italy should be a slave, scared and precarious", League leader Matteo Salvini charged. A center-right lawmaker, she is legendary for defending ex-Premier Giulio Andreotti against mafia collusion charges and defending the ex-boyfriend of American student Amanda Knox against murder charges.
The U.S. Embassy in Rome on Friday warned U.S. travelers to beware of three separate demonstrations set to take place Saturday, saying they could become "unruly or violent". Analysts at ING Groep NV suggest markets will likely remain skeptical about the coalition's commitment to the European Union. "One thing though: Gotta stay strong, the bully boys will be after you".
"In Italy, do the Italian voters decide or do the Germans and French decide?"
He said "the mafia has always made us and will always make us sick, wherever there is injustice I will try to be there with a team. But don't play this game, insisting and loading with the responsibility, the European Union".
His comments sparked outrage in Italy, with Salvini blasting them as "racist" in his victory speech Thursday in northern Lombardy.
EU Commission spokeswoman Mina Andreeva said that his words had been interpreted in "a misleading way, because President Juncker loves Italy".
"This isn't democracy, this isn't respect for the popular vote".
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