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Italy's presidential vote begins with Draghi's future in balance
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| Contributor | Bojicat |
| Last Edited | Bojicat Jan 24, 2022 11:11am |
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| Category | News |
| Author | Reuters |
| News Date | Monday, January 24, 2022 04:00:00 PM UTC0:0 |
| Description | ROME, Jan 24 (Reuters) - Italy's parliament began voting on Monday for a new head of state, with Prime Minister Mario Draghi among the most prominent candidates in a wide-open contest which will be closely monitored by financial markets.
With a cross-party accord looking elusive, the election could trigger fresh political uncertainty in the euro zone's third largest economy, which is facing a resurgence of COVID-19 infections and deaths.
Draghi, who leads a national unity administration, has made clear he would like the highly prestigious job, which has a 7-year term and may be more appealing than heading up his fractious coalition ahead of elections due early next year.
But there is a reluctance among some parties to back him for fear his departure could lead to a snap vote they want to avoid.
"At this difficult moment, it would be dangerous to remove Draghi from the post of prime minister," rightist League leader Matteo Salvini said on Sunday, echoing similar remarks by his coalition partner Silvio Berlusconi who withdrew his own candidacy on Saturday. read more
However, should Draghi fails to land the president's job, some commentators are suggesting he may not want to continue as prime minister either if the coalition backing his government splits over the presidential election.
"Regardless of the outcome, the political equilibrium that has prevailed since Draghi became prime minister in February 2021 has been shaken, if not broken, by the presidential election," said Wolfango Piccoli of London-based political risk consultancy Teneo. |
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