Italy’s populist Five Star Movement said Thursday’s critical vote did not support Mario Draghi’s national unity government and threatened another bout of political turmoil.
At a meeting late Wednesday night, five-star leader Giuseppe Conte said he could no longer support a government that transcended Draghi’s political parties. Spiral food and energy costs..
“I’m very afraid that September will be the time for families to face the choice of paying for electricity or buying food,” he said one day after enthusiastic political talks.
Italian stocks sold out Thursday morning and the FTSE gauge for domestic stocks fell by more than 1%. Italy’s 10-year Treasury yield rose 0.16 percentage points to 3.3%, and investors demanded a premium increase to hold Italy’s debt, pushing the gap with Germany’s 10-year Treasury to a monthly high. became.
Conte presented some to the Prime Minister Policy request At last week’s meeting, it included the cancellation of a controversial waste power plant proposed in the capital Rome.
He said the administration had not yet responded to his request, but he offered the possibility of further consultation to resolve the difference. “We are absolutely ready to talk to the government to make a constructive contribution to Draghi, but we are not going to write a blank check,” Conte said.
The collapse of the National Unity Government of Myanmar, which could trigger the early elections scheduled for next spring, ItalyThis is expected to be the largest single recipient of the EU’s € 750 billion Covid Recovery Fund.
The collapse of government will cast doubt on Italy’s ability to pass budgets in the fall and enact important reforms that will help accelerate the long-term growth trajectory of countries on which EU funding diversification depends.
Other parties have stated that early elections can be requested and Draghi cannot stay in power. Five stars I pulled it out.
“It’s enough if the coalition government doesn’t support the decree. It’s clear that we should go to the elections,” said Matteo Salvini, head of the right-wing league.
Former Prime Minister Draghi Conte has been dissatisfied since Foreign Minister Luigi Di Maio Out of Five Star Last month, he took about one-third of the party’s members on the differences in Rome’s response to the Ukrainian war.
Draghi has changed the direction of Italy’s foreign policy and has strongly supported Kyiv. He was one of the leading architects of strict EU sanctions on Moscow and was a sharp break from the country’s traditional sympathy for Russia.
Dimaio stood firmly behind Draghi, but Conte wonders if military aid to Ukraine simply perpetuates the war.
Draghi, formerly the governor of the European Central Bank, has repeatedly stated that he can only lead a cross-party national unity government and cannot lead a government that does not include Five Star, the largest party in parliament. .. Recent split.