Mario Draghi ushers in the counter-revolution but he can’t save Italy
He was synonymous with defending the euro but he may yet be the man that oversees his country’s exit
3 February 2021 • 8:02pm
Italy has gone through the gears, from democratic revolt against the euro and the country’s pro-EU elites, all the way to the other extreme of a technocrat government under the ultimate Mr Euro, without any election along the way.
The stitch-up has been breath-taking, even for those who thought they had seen it all in Italy. The appointment of Mario Draghi to navigate the dangerous economic waters of the next two years is astute - in one sense - but those in EU circles and the bond markets celebrating this insider
Giuseppe Conte resigns as Italy s Prime Minister - so what s next?
Conte will remain as a caretaker Prime Minister and will try to form a new government. By AFP Tuesday 26 Jan 2021, 12:57 PM Jan 26th 2021, 12:57 PM 13,620 Views 9 Comments
Italian Prime Minister Giuseppe Conte attends a debate ahead of a confidence vote in the Senate. 20 January.
Image: Xinhua News Agency/PA Images
Italian Prime Minister Giuseppe Conte attends a debate ahead of a confidence vote in the Senate. 20 January.
Image: Xinhua News Agency/PA Images
ITALIAN PRIME MINISTER Giuseppe Conte submitted his resignation to President Sergio Mattarella, in a bid to form a new, stronger government.
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.
Prime Minister Giuseppe Conte has resigned Tuesday (26 January) in the hope of forming a new government after weeks of turmoil in his ruling coalition, leaving Italy rudderless as it battles the deadly coronavirus pandemic.
Italian politics is yet again entering uncharted waters, but this time in the middle of a coronavirus pandemic that has killed more than 85,000 people and sparked a devastating recession.
Here are some of the possible ways out of the impasse.
Conte III
The crisis was triggered two weeks ago by ex-premier Matteo Renzi’s decision to quit the ruling centre-left coalition, depriving Conte of a solid parliamentary majority.
Former Italian Prime Minister Silvio Berlusconi has been discharged from the hospital in Monaco where he had been admitted due to heart problems, a source close to the media magnate told Reuters on Friday.