Categories: WORLD

Italian Prime Minister Mario Draghi resigns as coalition collapses

Italy’s Prime Minister Mario Draghi looks on during his address to the lower house of parliament ahead of a vote of confidence for the government after he tendered his resignation last week in the wake of a mutiny by a coalition partner, in Rome, Italy July 21, 2022.

Italian Prime Minister Mario Draghi submitted his resignation to President Sergio Mattarella on Thursday, plunging the European Union’s third-largest economy into fresh political turmoil.

Sponsored
Draghi’s resignation comes after several key parties in his coalition — the powerful 5-Star movement, the largest party in the country’s coalition government, center-right Forza Italia and the far-right League — boycotted a confidence vote in the government Wednesday night.
Mattarella, who accepted the resignation, is scheduled to meet with the speakers of Parliament on Thursday afternoon, the presidential palace said in a statement. The next step is to call for a snap election.
Last week, Draghi first tendered his resignation after the 5-Star movement withdrew its support in a parliamentary confidence vote on a package designed to tackle Italy’s cost-of-living crisis. Draghi had previously said that he would not lead a government that did not include 5-Star.
That resignation, however, was rejected by Italy’s President Sergio Mattarella, who urged him to stay and find a solution.
On Thursday, the FTSEMIB, Italy’s main stock market, was down more than 2.5% after the country’s government was left on the brink of collapse.
SPONSORED
ABN Editor 2

An open source journalist and content manager

Recent Posts

IPMAN Announces Petrol Price Reduction To ₦935 Per Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a significant reduction in the…

3 hours ago

Governor Otti Appoints Ojeikere As New Head Of Service

Governor of Abia State, Dr. Alex Otti has approved the appointment of Mr. Benson Ojeikere…

4 hours ago

Tinubu’s Economic Reforms Not Responsible For Hunger, Stampede — FG

The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…

12 hours ago

Ohafia Community In Mourning As Trailer Crushes Many Christmas Travelers To Death (Photos, Video)

Ohafia, Abia State, was plunged into mourning on Sunday following a tragic accident involving a…

12 hours ago

After 25 Years, Democracy Yet To Meet Citizen’s Expectations — Bugaje

An Islamic scholar and political activist, Dr. Usman Bugaje, has highlighted the inability of the…

18 hours ago

Tinubu’s 2025 Budget Full Of Unrealistic Expectations, Says SDP’s Adebayo

The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince…

20 hours ago