Photo Credit: Alessandro Di Meo/ANSA/Bloomberg
Italian President Sergio Mattarella dissolved the parliament and called for an election, which would be held months after. The decision came immediately after Mario Draghi stepped down as Prime Minister amid economic and political turmoil.
The election, authorities said, will happen this September 25.
President Mattarella has said that the dissolution of the parliament is an inevitable step in light of the current political climate.
The president addressed his people from the Quirinale Palace and said that he wanted to thank all of those who have served the country in their capacity, be it as a member of the now-dissolved Parliament or a Prime Minister.
“The political situation that has been determined has led to this decision,” Mattarella explained to the press. “The discussion, the vote, and the manner in which this vote was cast yesterday in the Senate made clear the loss of parliamentary support for the government and the absence of prospects for forming a new majority. This situation made the early dissolution of the chambers inevitable.”
“I have the duty to emphasize that the period we are going through does not allow for pauses in the interventions that are indispensable to counteract the effects of the economic and social crisis and, in particular, of the rise in inflation, which caused above all by the cost of energy and food, entails heavy consequences for families and businesses,” he added.
Draghi left his position after the parties in his coalition withdrew support from a confidence vote which he won in the Senate. This includes the 5-star movement, center-right Forza Italia, and the far-right League.
Mario Draghi is a force to be reckoned with. As prime minister, he had strong resolve and was assertive in the right ways. He earned the respect of many world leaders, most especially due to his active voice against Russian President Vladimir Putin and Russia’s siege on Ukraine.
PM Draghi under the lens
In February 2021, Draghi assumed the Prime Ministerial position. He was the head of a cabinet filled with ministers of many different political beliefs and backgrounds. He first entered politics without any party affiliation, and he was able to perform his tasks even with those hurdles.
Italian Prime ministers have not served for long periods of time. In fact, five different people have held the position in eight years. Before Draghi was Giuseppe Conte, who resigned after several issues relating to his handling on Covid-19 pandemic put him under fire by the media and the citizens.
He’s been called “Super Mario” for his successful efforts in saving the euro during a debt crisis. He worked harmoniously with Finance Minister Daniele Franco so that Italy could recover billions of euros.
With 5-Star’s exit from government, followed by the hard0rights League and the center-right Forza, Draghi had to make a decision, noting that earlier he told the media that he would not lead a government without the presence of 5-Star.
The news of the three powerful parties withdrawing from the cabinet left stocks diving by over 2.5%. With Draghi’s resignation, it is unclear what will make of the government of the economy.
Italy is in a crunch, and without the passage of reforms or budget because of the absence of a parliament, they will be unable to access funds. The funds for the Covid-19 response will be locked as well. The country would have to wait until September after the elections before these could be enacted.
With Draghi’s resignation, Italy is now without a key economic mind. The country needs someone who can help navigate them through tough times. With inflation rates rising across Europe as well – to 9.6% in June, the landscape is looking bleak for Italy.
Moreover, the increasing temperatures only exacerbate the problem.
Even the French president Emmanuel Macron looked at Draghi highly, calling the ex-Prime Minister “a great European, a trusted partner and a friend of France.” Additionally, Macron said that Draghi was an “unfailing supporter in providing European responses to our common challenges, particularly in the face of Russia’s aggression against Ukraine.”
Opinions expressed by Texas Today contributors are their own.