The biggest party in Italy’s parliament swung its weight behind Premier-designate Mario Draghi, assuring him broad cross-party support as he prepares to form a government.
Members of the Five Star Movement, which has anti-establishment roots and has long denounced bankers and technocrats, voted online by 59% in favour of backing the former head of the European Central Bank. They were asked whether they wanted the movement to support a Draghi-led government which would place strong emphasis on green policies.
Draghi has now forged a parliamentary majority following two rounds of talks with political leaders, and he’s expected to report back to President Sergio Mattarella with his cabinet picks as early as this week. Other backers include the center-left Democratic Party and the anti-migrant League of Matteo Salvini.
In talks with party leaders Draghi has prioritised countering the pandemic and kick-starting Italy’s vaccination campaign, reviving the economy using the country’s $254 billion share of the European Union’s recovery package, and pushing for a common euro-area budget. Numerically, Draghi does not need Five Star, though the party’s support will allow him to muster wide consensus across the political spectrum.
The online vote exacerbated tensions within Five Star, with Alessandro Di Battista, one of its most prominent members, saying after the outcome was announced that he’d leave the party.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.