BREAKING: Italy's Prime Minister Draghi resigns
President refused resignation
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (48)
sorted by:
Euro Drops Back Below USD-Parity As Draghi Says He Will Resign is now on Zerohedge
https://www.zerohedge.com/markets/european-defragmentation-risks-re-emerge-italian-political-crisis-looms
"Italian President Sergio Mattarella rejected a resignation offer from Prime Minister Mario Draghi, according to a statement from the head of state’s office."
Update (1355ET): Italian President Sergio Mattarella rejected a resignation offer from Prime Minister Mario Draghi, according to a statement from the head of state’s office.
Mattarella invited Draghi to address parliament to assess the political situation after a key coalition party boycotted a confidence vote on Draghi’s government Thursday.
So what happens next? (Via Newsquawk)
One option, short of fresh elections, could be for PM Draghi to ask President Mattarella to allow him to attempt to form a new government without the 5-Star party: as this would allow the 5-Star to stick to its principles without collapsing the government that it retains overall confidence in (opposing just the crisis package), and for Draghi to enhance his credibility within the political sphere.
Such an option is possible as assuming the government ex-M5S remains intact, then they will control 175/321 Senate seats and thus retain a majority
However, this view is muddied by Salvini's League saying they are not willing to remain in the gov’t in the scenario that M5S quits - given they hold 60 seats their loss would erase the gov’ts ex-M5S majority.
Not 💯 on what that means. I guess he’s not resigning now?
Maybe it’s just a polite thing? Like when a NY police commissioner will turn in resignation letter when a new mayor is elected, the mayor can than decided to keep commissioner or appoint a new one.