Italian (Washington Insider Magazine)-In an unprecedented act, Mario Draghi, Italian Prime Minister, resigned on Thursday.
In the wake of this, new elections will occur–along with a new wave of political uncertainty. This all comes after one last attempt to unite his coalition government failed, as 3 major parties stated that they would not take part in the vote.
Mr. Draghi’s resignation as the Italian Prime Minister has marked a monumental day in history for Italy, effectively indicating the formal collapse of their governmental structure. Many are supposing that will lead to lead to snap elections, which is something President Mattarella wished to avoid if possible.
Just last week, President Mattarella declined Mr. Draghi’s resignation and convinced him to lead more negotiations to avoid them prior to the failing vote taking place. President Mattarella then asked Draghi to hold a vote of confidence in the government, which inevitably failed and led t his permanent resignation.
The political drama started when the Five Star movement left a confidence vote on a costly financial aid package that was designed to assist both businesses and families. The Five Star movement’s departure caused the Head of the European Central Bank to hand in his resignation, which was promptly rejected. The Italian people hoped this would bring a temporary end to the crisis at least until elections next year.
Unfortunately, this was not the case. After a particularly bad day for politics, it became clear that the center-right Forza Italia and hard-right League parties would not remain in a government with the Five Star movement that triggered it all.
Former Prime Minister Draghi led Italy admirably through a terrible pandemic and had become a key figure in the response to the Ukraine-Russia war. Upon the announcement of his resignation, several protests took place asking for Draghi to stay in office. Now due to the failure of party-based politics, much-needed reforms will be delayed, such as next year’s budget, instead being replaced with a potential early election.
