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BBG: PM Closes On On Majority In Senate

ITALY PRESS

Bloomberg headline posted stating that the gov't of PM Giuseppe Conte is closing in on a majority in the Senate ahead of this evening's confidence vote.

  • Crucially, the headline does not state whether this majority is an absolute majority of senators or just a majority of those voting if the 18 Italia Viva senators abstain as instructed by party leader Matteo Renzi.
  • Nevertheless, this continues line of positive headlines for Conte in recent hours implying his gov't may be able to remain in office.
  • Longer-term prospects for gov't stability are reliant on whether IV comes back into the gov't coalition fold.

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