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MNI POLITICAL RISK ANALYSIS-Italy PM Resigns, Early Election

Executive Summary

  • Draghi government collapses as warring factions within his broad coalition refused to back down when threatened with the PM’s resignation.
  • Snap elections confirmed following dissolution of parliament on 21 July, with 18 September mooted as a potential date by Italian media outlets. Autumn is usually a time the government would be putting together next year’s budget, a timeline that a September election could disrupt.
  • Opinion polls show that a right-wing coalition involving the nationalist Brothers of Italy (Fratelli d’Italia, FdI), the populist League, and centre-right Forza Italia is in pole position to form the next government.
  • The loss of Draghi, seen as a pragmatic and non-ideological leader, comes at a difficult time with inflation rising, energy prices spiking, and concerns about EU unity regarding sanctions towards Russia.
Full article PDF attached below:

MNI POLITICAL RISK ANALYSIS-Early Election In Italy As PM Draghi Resigns.pdf

Chart 1. Italy General Election Opinion Polling by Party, % and 6-Poll Moving Average

Source: SWG, Piepoli, Tecne, Euromedia, Termometro Politico, BiDiMedia, Ipsos, Demopolis, EMG, Noto, Winpoll, Demos & Pi, Index, MNI

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