Italy towards new elections

Tuesday 29 May 2018

Research / Market

Italy towards new elections

Political uncertainty: On May 27th, the designated Prime Minister Giuseppe Conte gave up his mandate to form a Government. The Italian President acted promptly and gave Prof Carlo Cottarelli, an economist, former IMF representative and responsible for the spending review of Enrico Letta’s Government, the mandate to form an interim government with clear commitments. Yet, this government is unlikely to win a confidence vote in Parliament, given the opposition of 5 Star Movement and League; it will probably therefore be a “caretaker government”, in charge of governing till the next elections, which will take place probably in Autumn or at beginning of 2019 at latest.

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