Italian Prime Minister Mario Draghi resigns after his coalition government cracked

Posted in: 21/07/2022 – 10:45

In the wake of the collapse of the national unity government he led, Italian Prime Minister Mario Draghi submitted his resignation Thursday to President Sergio Mattarella, who asked him to remain in his caretaker position.

announced Italian Presidency Thursday that Prime Minister Mario Draghi He submitted his resignation to President Sergio Mattarella, who asked him to remain in his caretaker position.

A brief statement stated that Draghi submitted his “resignation and the resignation of the government he heads,” adding that the president “has taken note of this” and that the government remains “to conduct business.”

This comes after the center-right Forza Italia, the hard-left League and the populist Five Star Movement abstained on Wednesday from a vote of confidence for Draghi’s government in the Senate, thwarting his efforts to resolve a political crisis that forced him to resign for the second time in Less than a week.

The credit rating agency Fitch considers the situation in Italy to reflect “major political uncertainty”, which makes it more difficult to implement structural and financial reforms.

The cost of Italy’s debt rose again and the Milan stock exchange fell on Wednesday, in evidence of market tension over uncertainty in the euro zone’s third-largest economy.

FRANCE 24/Archyde.com/AFP

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