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The political crisis in Italy worsens: what awaits Prime Minister Mario Draghi in the vote of confidence this Wednesday?

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“A resignation would plunge the country into chaos just as Europe prepares for a recession, Italians grapple with rising inflation,” he writes. Bloomberg.

The Italian Parliament will hold a vote of confidence this Wednesday, July 20 to the Government of Prime Minister Mario Draghi, who announced last week his intention to resign from his post, local media report.

What happened ?

Draghi tendered his resignation in view of the growing gap unleashed within his government coalition. Tensions rose after one of its main partners, the Five Star Movement (M5S), abstained from voting in favor of a key decree in the Senate to support the population in the face of inflationary pressures.

The party is currently experiencing one of the greatest crises of its history, after the departure of the Minister of Foreign Affairs, Luigi Di Maio, who decided to form a new parliamentary group together with several dec groups of legislators, collect local media.

“Most of the national unity that has supported this government since its creation is gone. The confidence pact underlying the government’s action has failed,” Draghi said in a statement.

As explained to BFM.ru by the director of the Center for Italian Studies of the Institute of Europe of the Russian Academy of Sciences, Elena Alekseenkova, the Draghi government has recently been forced to postpone a series of reforms in view of the various crises that shake the country and the world, including the situation around Ukraine, energy insecurity and the coronavirus pandemic.

Resignation frozen

Draghi’s resignation was rejected by the Italian president, Sergio Mattarella, “in order to take stock of the situation” because the Government technically he did not lose the parliamentary majority.

Sources consulted by Bloomberg highlights that another reason why the head of state rejected Draghi’s resignation last week is that the latter had scheduled a “key” trip to Algeria for this Monday, with a view to agreeing an agreement on energy supplies to Italy, something that the prime minister did achieve.

What could happen this Wednesday?

Before the vote this Wednesday, the Prime Minister will make a speech in the Senate to confirm his resignation or express a determination to proceed. At the moment, Draghi seems decided to resign, according to sources consulted by the media. Before proceeding to the vote of confidence, general debates will be held.

If the vote of confidence is obtained, it will be confirmed that there is a majority in favor of the current Government. Otherwise, the President of the Republic will be forced to decide whether to appoint another prime minister until the 2023 elections or dissolve Parliament and call new elections.

Polarization of opinions

The vote of confidence threatens to fuel divisive tendencies within the M5S itself. “If someone feels that they cannot share that participatory and shared path, let them make their choice freely, clearly, immediately and unequivocally,” said Giuseppe Conte, former prime minister and party leader, according to the ANSA agency.

Parallel However, support for the current prime minister is also growing. In a document, various Italian associations expressed their “deep and sincere concern” at the crisis in the Government and urged the political forces to support Draghi in order to avoid a more serious scenario. In addition, some 1,300 mayors called on the chief executive to “move forward”, pointing out that stability is “more necessary than ever” for the country.

The political crisis adds to the growing inflation

In the opinion of Evgueni Kogan, investment banker and professor at the Russian Higher School of Economics, Draghi’s resignation will not solve the economic problems facing Italy, reports Finam.

“A resignation would plunge the country into chaos Just as Europe braces for a recession, Italians grapple with rising inflation and lawmakers need to pass reforms to unlock €200 billion [ $202 billion] in aid from the European Union,” writes Bloomberg.

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