ROME Italian Prime Minister Giuseppe Conte was set to hand in his resignation to the head of state on Tuesday, hoping to be given the opportunity to try and…
Conte Quits As Italy s PM In New Bid To Build Majority zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Italy Agrees to IOC Demands 01/26/21
(ATR) Italy’s outgoing government acts at the 11th hour to avoid possible sanctions from the International Olympic Committee.
CONI was stripped of much of its duties by the 2018 legislation. (CONI)
The cabinet on Tuesday approved a decree that guarantees the autonomy of the Italian Olympic Committee (CONI).
The IOC, as early as August 2019, had been warning Italy that a sport reform law passed by the Italian Parliament in late 2018 was in violation of the Olympic Charter, as it constitutes government interference affecting the Italian NOC’s autonomy presiding over Italian sport.
The legislation established a government-controlled organization entitled “Sport e Salute”, or Sport and Health, to manage distribution of funding to Italy’s NGB’s. The law also reduced CONI’s role to only handling preparations for the Olympic Games.
Conte’s Gambit May Return Him to Power in Italy, or Cut Him Off Bloomberg 1/27/2021 John Follain, Chiara Albanese and Alessandra Migliaccio
(Bloomberg) The resignation of Italian Prime Minister Giuseppe Conte has sparked a fresh round of back-room plotting and negotiating as the pandemic rages and the economy tanks.
The biggest question is whether he will get back in the saddle. Conte is a survivor, but he has no political party of his own as he tries to recruit a new, broader coalition anchored around himself. He offers investors stability, and that’s an outcome that bond traders have craved.