Italy is now heading for new elections as well as months of political instability following the resignation of Super Mario (unelected leader of a Unity Government).
Mario Draghi, is popular both at home and abroad. He was hired to lead Italy’s economic recovery from Covid. However, after 18 months, his coalition with parties from across the political spectrum fell apart.
What is happening now
The government has asked Mario Draghi to remain as interim prime minister. Italy is a member state of NATO, G7, and the third-largest economy in the EU. Therefore, it is important who runs Italy.
It appears not much will change. However, parliament was dissolved, stopping progress towards a budget in 2023 and other important reforms.
Whatever happens next, the broad-based unity government in Rome has ended.
Right-wing governments are likely to be elected, possibly headed by Giorgia Meloni, whose far-right Brothers of Italy party wasn’t part of the Draghi alliance.
Not such tragedy.’
Mr. Draghi was able to stabilize Italy’s governments and secure the EU’s trust as Rome tried to recover after the Covid pandemic. But as elections near May 2023 approached, Draghi’s cabinet became increasingly disorganized.
He admitted that the cabinet had growing opposition to important reforms.
By this autumn, a government should have a new mandate.
“I don’t see it as a tragedy,” says Professor Leila Sima Talani of King’s College London’s Centre for Italian Politics. “The election will be quick which is good also for international investors, and it will be a shorter camp.”
Italy’s economy is not going to slow down. The caretaker government will be able to keep the economy afloat and work on the budget for 2023. It will have to be passed over the next month.
Prof Giovanni Orsina is the head of Luiss University’s School of Government in Rome. He says, “A fully-fledged state is much better. I don’t deny that.”
Fragmentation of Italian politics
It is possible to reach a deal with the coalition in just weeks if the right wins. Giovanni Orsina, however, believes that opinion polls may change rapidly during the campaign, so it could prove very different. It would also mean that the negotiations will take longer.
Italy is not a stranger to political crises. The 70th Italian government since World War Two marks its 70th. But, things are changing rapidly in the political arena.
Italian politics has become extremely fluid, with voters changing their minds quite easily. He states that the parties and the system are fragile, with much fragmentation.
Brothers of Italy is the only party polling over 20%, followed by the center-left Democratic Party. None of the parties above 10% except for Five Star, a populist Five Star, and the League. Five Star, as well as Forza Italia, saw defections. Leila Sina Talani thinks the right-wing parties could struggle to form a majority. A wider range of the center left, and center right may succeed, however.