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MNI: Italy Struggling To Meet H1 Targets For EU Cash-Officials

(MNI) Rome

Mario Draghi is finding it harder to pass reforms as elections draw nearer.

Italy is set for another struggle to meet target dates to pass reforms needed to unlock EUR19 billion in NextGenerationEU funds, and end-of-year objectives look even more challenging as it becomes harder for Prime Minister Mario Draghi to keep his coalition together, sources close to the matter told MNI.

With a backlog of laws and decrees building up in parliament, Draghi is increasingly frustrated, and willing to use confidence votes to force them through, sources said. While defeat in such votes is unlikely, the parties supporting his technocratic government are becoming harder to control ahead of June 12 local elections and national elections in spring 2023, and the chances are rising that one of the bigger groups will walk away, they added.

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Italy is set for another struggle to meet target dates to pass reforms needed to unlock EUR19 billion in NextGenerationEU funds, and end-of-year objectives look even more challenging as it becomes harder for Prime Minister Mario Draghi to keep his coalition together, sources close to the matter told MNI.

With a backlog of laws and decrees building up in parliament, Draghi is increasingly frustrated, and willing to use confidence votes to force them through, sources said. While defeat in such votes is unlikely, the parties supporting his technocratic government are becoming harder to control ahead of June 12 local elections and national elections in spring 2023, and the chances are rising that one of the bigger groups will walk away, they added.

Keep reading...Show less