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MNI BRIEF: China Sees Progress On EU EV Deal
MNI: Populist Wins To Halt Italy EU Reform Push - Analysts
--Lega Party Looks to Visegrad Bloc, Greater Sovereignty
--5 Star Ambiguous, No Will To Reform Europe
--Conservative Forces Now Seen 'Legitimised' Through Vote
By Silvia Marchetti
ROME (MNI) - Italy's push to both reform Europe-wide governance and further
the integration process will be weakened following the electoral success of the
'populist' parties, leading political analysts told MNI.
"The 5-Star Movement and Lega victories have transformed the nature of
populism. Now these parties cannot be defined as 'populist' anymore but are
established, post-ideological forces with which all other Italian parties and
institutions must deal with. The vote has legitimised populism into mainstream
politics," said Giovanni Orsina, director at Rome-based LUISS University's
School of Government.
This, in his view, is a very negative 'metamorphosis', as it will result in
a shift in Italy's relationship with the European Union. The incoming government
is set to become less "progressive, reforming and inclusive" but more focused on
"antagonism and opposition to set rules," he noted.
The greatest risk now is that any good so far achieved by Rome in terms of
greater flexibility and credibility on the European stage will be undone.
"Neither party (5-Star or Lega) have proposed a clear, constructive reform
of the union, despite the ongoing debate in Brussels over the future governance.
Their position is rather to demolish certain achievements, starting from the
euro through to set fiscal regulations," said Orsina.
--EU POWER SHIFT
If a new, populist-led government does rise to power, with either the
5-Star or Lega as main stakeholders, the EU balance of power would also shift.
The outgoing Democrat government has always looked to strengthen its
position within the Paris-Berlin pro-reform axis, paving the way to forming a
'Big 3 Club', but Lega and 5-Star look elsewhere in the bloc for allies.
"Italy has always been squeezed between all-mighty Germany and France. This
country has never been really credible nor strong enough on the EU stage to set
or change existing rules. We need to tilt the power axis," Lega parliamentary
deputy Gianluca Pini told MNI.
Lega, along with its smaller centre-right ally Fratelli d'Italia, support
the Visegrad bloc of Eastern European states, aiming to side with countries like
Poland, Hungary and even Austria that want 'in' the EU club for economic
benefits but to be 'out' when it comes to respecting EU commitments, said Sergio
Fabbrini, recurrent professor of comparative politics at Berkeley University.
"These conservative forces preach greater sovereignty and national
empowerment to the detriment of Europe's interdependence among member states,
which is the pillar of the federalist project of the EU's founding fathers,"
agued Fabbrini.
--MIXED MESSAGES
The 5-Star Movement have sent out mixed messages on Europe. Their manifesto
doesn't even include a chapter on EU reform, but stresses the need to recover
"independence, sovereignty and self-determination".
Despite having dropped -- for now at least -- calls to exit the euro, 5SM
supports breaching the deficit and debt rules and dismantling all EU treaties.
It doesn't even envisage a need to reform Europe.
Lega leader Matteo Salvini has said his role models are Hungary prime
minister Viktor Orban and U.S. President Donald Trump. Salvini says he favours
the re-introduction of import duties to protect Italian products.
Fratelli president Giorgia Meloni toured Hungary and Bulgaria prior to the
election to strengthen ties, hailing their defence of national borders during
the immigration crisis.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,M$I$$$,M$X$$$,MC$$$$,MI$$$$,MGX$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.