By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    4 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    4 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    4 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    4 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    4 months ago
  • Africa
    Africa
    Show More
    Top News
    Africa Leaders Summit: US To Strengthening Partnerships To Meet Shared Priorities
    3 years ago
    President Ruto Rallies Kenyans To Move Nation Forward
    3 years ago
    Tanzania: United Nations Steps Up Efforts To Build Climate Resilience
    2 years ago
    Latest News
     South Africa’s Think 20: Experts Address How Africa Can Bridge Digital Divide And Achieving Financial Inclusion
    1 month ago
    U.S. Africa Command Commander Visits West Africa, Underscores Partnership In Addressing Evolving Terrorism Threat
    1 month ago
    West Africa Regional Preparatory Workshop For COP30 On Climate Change Opens In Dakar
    1 month ago
    Systemic Racism Against Africans And People Of African Descent In Criminal Justice Systems Is Pervasive
    1 month ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Voters In Katsina Vow To Dump Buhairi, APC
    3 years ago
    My Son Must Win, Ondo State’s King Threatens His People
    3 years ago
    I Will Not Disappoint My Constituents, Dekor Reassures Ogoni People
    2 years ago
    Latest News
    Ex-Pres. Jonathan’s Senior Special Assistant, Dr. Dudafa Dumps PDP For APC
    2 weeks ago
    Senate President Akpabio Engages Young Progressives in Mentorship Conversation at the Youth House
    3 weeks ago
    Minister of Women Affairs Visits APC Youth House To Mark International Day Of Girl Child
    3 weeks ago
    EU, ADC Parley: Calls for Electoral Reforms To Guarantee Free, Fair, Credible Polls In Nigeria
    4 weeks ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    All Eyes On Nigeria, As Lagos Set To Host Groundbreaking Giving Tuesday Festival On 2 December
    5 days ago
    Alleged N532m Debt: Court Orders Bank To Takes Over Abudu Family’s Firm
    7 days ago
    Popoola-Taiwo Legal Practitioners, Shipper’s Council Resolve 3-years Dispute Between Logistics Firms Via ADR
    1 week ago
    Final Journey of Ezinne Juliana Anyanwu To Begin January 2026 In Nguru
    1 week ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Keep Up With Gripping Story Of ‘The Rishantes’ Showing On GOtv 
    3 years ago
    DStv Media Sales – MIPAN Conference Explores Role Of Video Content In Building Brand Loyalty
    2 years ago
    Sporting Lagos Beat Remo Stars To Emerge Naija Super 8 Champions
    2 years ago
    Latest News
    GOtv Stream vs. Traditional TV: Why Viewers Are Loving the Flexibility
    1 month ago
    Securing Africa’s Digital Future: Entertainment in Safe Hands
    1 month ago
    BBNaija S10: Joanna, Mide, and Isabella Clash as Denari and Tracy Exit the House
    2 months ago
    Akamai Adaptive Media Player 2: Bitmovin And Akamai Set New Streaming Standard
    2 months ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Ambassador Raffy Bello Greets Imperial Majesty, Ooni Enitan-Ogunwusi, As Olojo Festival Begins In Ile-Ife
    1 month ago
    Leadership
    CEO Shares 3 Qualities Every Effective Leader Has
    2 years ago
    Lagos SWAN Holds Cultural Sports And Traditional Fashion Fiesta
    2 years ago
    Latest News
    Faith On The Move: Legion of Mary Lights Up Owerri With Inspiring October Devotion Procession
    5 days ago
    The Day Mourners Rebelled in Church By Babafemi Ojudu
    3 weeks ago
    Ambassador Raffy Bello Greets Imperial Majesty, Ooni Enitan-Ogunwusi, As Olojo Festival Begins In Ile-Ife
    1 month ago
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    2 months ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Financial Action Task Force Removes Nigeria From Grey List
    7 days ago
    Unity Bank Shareholders Approve Merger With Providus Bank
    1 month ago
    Yomi Joseph Digital Pr Launches 360° Marketing Solutions To Transform Brands Into Industry Leaders
    1 month ago
    Gov Abiodun Showcases Ogun Investment Opportunities At AfCFTA In Algeria
    2 months ago
    Intra-African Trade Fair
    Nigeria To Host Intra-African Trade Fair In 2027
    2 months ago
  • Health
    Health
    Show More
    Top News
    WHO
    WHO Gives Nigerian Laboratory Full Accreditation To Fight Measles And Rubella
    3 years ago
    European Union Allocates N75m To Prevent Spread Of Diphtheria In Nigeria
    3 years ago
    US Govt Must Heed Lessons Of PEPFAR – AIDS Society Warns
    2 years ago
    Latest News
    Nigerian Academy Of Pharmacy Inducts 14 New Fellows
    2 weeks ago
    2025 World Pharmacist Day: Lagos Takes Healthcare To Ikorodu Communities
    1 month ago
    World Heart Day: Adopt Healthy Food Policies, CAPPA Tasks FG, States
    1 month ago
    Lagos Takes Fight Against HIV To Communities
    1 month ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Italian Govt In Disarray, PM Mario Draghi Resigned
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > International > Italian Govt In Disarray, PM Mario Draghi Resigned
International

Italian Govt In Disarray, PM Mario Draghi Resigned

Last updated: 2022/07/14 at 10:48 PM
3 years ago
Share
SHARE

Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.

The former head of the European Central Bank has led a unity government since February 2021.

In a statement, he said the pact of trust that had sustained the unity of government had gone.

However, the president refused to accept his resignation.

- Advertisement -
Ad imageAd image

President Sergio Mattarella appointed Mr Draghi – a former ECB chief – to lead Italy’s post-Covid pandemic recovery and save the country from endemic instability. He has now called on Mr Draghi to address parliament to provide a clear picture of the political situation.

The effect of President Mattarella’s intervention is not entirely clear. Mr Draghi is expected to go to parliament next Wednesday and with sufficient backing could remain in office.

The extraordinary developments in Rome capped a day of drama triggered when Five Star leader Giuseppe Conte refused to back the government’s €23bn (£19.5bn) package of economic aid for families and businesses, arguing Mr Draghi was not doing enough to tackle the cost of living crisis.

Italy's M5S leader Conte meets prime minister, Rome - 06 Jul 2022
Giuseppe Conte’s party said the government’s economic package was insufficient to tackle a looming social crisis

Even though the government comfortably won Thursday’s vote in the Senate with the help of other parties, the man dubbed “Super Mario” had warned repeatedly that without Five Star’s support the government could not continue.

Mr Draghi paid a first, hour-long visit to President Mattarella and, after reflecting on his future, issued his statement of resignation.

“Today’s votes in Parliament are very significant from a political point of view. The national unity majority that supported this government since its creation no longer exists,” he said. After addressing ministers he returned to the Quirinale Palace to tender his resignation to the president. Avoiding the cameras, he did not use the main door.

Elections were already due early in 2023 and, if the government does collapse, a vote is likely to take place this autumn. Several parties on the right are keen on early elections, but a period of political uncertainty will jeopardise Italy’s efforts to tackle a looming energy crisis and pass next year’s budget to secure EU funding.

Right up to the Senate vote, attempts were made to resolve the coalition crisis. Milan’s stock market tumbled 3.4% as nervousness spread to investors in the eurozone’s third-biggest economy.

European Union Economy Commissioner Paolo Gentiloni, who is himself a former Italian prime minister, said earlier the EU’s executive was watching developments in Rome “with worried astonishment”. The head of Italy’s industry group Confindustria said Five Star’s decision had shown “total irresponsibility”.

Five Star was originally the biggest party in the coalition but has seen a string of defections and falling support. Former party leader Luigi di Maio accused it of a cynical plan to bring down the Draghi government to revive its own support while dragging Italy to economic and social collapse.

File pic of Matteo Salvini, Giorgia Meloni and Silvio Berlusconi (R)
Giorgia Meloni and other leaders on the right have an early election in their sights

Parties across the political spectrum have had next year’s general election in their sights, especially on the right. Matteo Salvini of the far-right League and Giorgia Meloni of Brothers of Italy are competing for leadership of a potential right-wing coalition.

Ms Meloni called for elections, immediately announcing: “I’m ready to govern.” Mr Salvini said a period of political paralysis was unthinkable.

Politicians on the left are less prepared for elections and Democratic Party Secretary Enrico Letta said the focus now had to be on reconstructing a coalition in parliament so that the Draghi government could restart.

Source: BBC

You Might Also Like

4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development

AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa

North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel

How Wars Across Middle East, North Africa Affecting Children – UNICEF

UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil

TAGGED: Mario Draghi
INadminNG July 14, 2022 July 14, 2022
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Nigeria Hosts 4th African Track Cycling Championships
Next Article Oba Akran Cup; AJ Soccer Academy, Dream Team Clash Ends In stalemate
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?