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MNI POLITICAL RISK ANALYSIS: Italy Moves Closer To Election

MNI BRIEF: Late Efforts To Avoid Political Crisis in Italy

While Italy is no stranger to political instability, the latest crisis in the country's government carries more risks than at nearly any time in recent Italian history. On the evening of 13 January, former Prime Minister Matteo Renzi announced that the ministers from his centrist Italia Viva (IV) party would withdraw from the government of Prime Minister Giuseppe Conte. This leaves Conte without a majority in either the Chamber of Deputies or the Senate and risks snap general elections.

Renzi withdrew his party from government over disagreements about how to distribute funds from the EU's COVID-19 Recovery and Resilience Fund. Coming during the midst of a major spike in COVID-19 cases and fatalities in Italy, Renzi's timing has caused mass consternation among those in government and many Italians. There are several questions to answer, namely:

  • Can Conte put together a majority to maintain power?
  • If not, will an election be called amidst the pandemic?
  • If an election is called, who is the likely winner?
Chart 1. Italian Opinion Polling, % and 10-Poll Moving Average

Source: SWG, Tecne, Lab2101, EMG, Euromedia, Quorom-YouTrend, Termometro, Ipsos, BiDiMedia, Ixe, Demos & Pi, Demoskopea, Demopolis, Index, Noto, Analisi Politica, Scenari Politici, MNI. N.b. Each dot indicates result of individual poll

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