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Free AccessMNI SOURCES: Italy New Left Group Ends Renzi Coalition Hope
--'Free and Equal' Movement could win up to 10% of votes
--Group Unites Anti-Renzi Dissidents On The Left
--Democrats See "No Threat" To Their Power From New Grouping
By Silvia Marchetti
ROME (MNI) - Italy's centre-left has been further splintered by the forming
of a new political movement, weakening hopes for a broad electoral coalition for
former premier Matteo Renzi and his Democrat Party, several officials have told
Market News.
The new 'Free and Equal' movement is formed largely of Renzi dissidents and
will stand independently of the Democrats in the general election next spring,
having no intention of allying with Renzi.
"We don't seek an alliance. We are paving way to an alternative and
autonomous leftist project critical of all late, drastic measures taken by the
Democrats," said Stefano Fassina, a member of the new grouping.
Fassina, a former Democrat deputy economy minister who stepped down
critical of Renzi's leadership, condemned the recent budget approval and Renzi's
failed constitutional reform referendum attempt.
The new grouping unites three main leftist parties and picked 40,000
signatories for its electoral program. It has the support of several mayors and
trade unions, alongside catholic and environmental lobbies. According to early
polls, the anti-Renzi group could gain up to 10 percent of votes, draining
support from the Democrats.
The movement's leader is current Senate president Pietro Grasso, a former
Democrat who left the party following disagreements over the the new voting
system recently passed by parliament. Free and Equal is still a work in
progress, but support is expected to rise in the short run.
--OPPOSITION, NOT GOVERNMENT
Democrats, however, have downplayed that the new political project could
threaten them.
"Above all, the common denominator of Free and Equal is their anti-Renzi
crusade, that's the sole goal of their political action, to get Renzi out of the
picture once and for all even if this is detrimental to of the entire
centre-left," said Lia Quartapelle, a member of the Democrat party directorate.
In her view, voters will realise it is a "mere opposition party, not a
potential government".
According to Democrat Giampaolo Galli, member of the Lower House budget
committee, the new formation is "totally off-the-wall, it's crazy".
With the new proportional voting system across single member districts,
Renzi's enemies prefer "to help the populists and the anti-establishment 5 Star
Movement win by making the Democrats lose," he said.
Under pressure from party allies, Renzi had left the door open to the
dissidents in the hope of forming a broad centre-left coalition. Under the new
voting system, no party has a clear run at a government together without a
coalition -- and Renzi's hopes of healing past wounds and moving forward appear
lost.
Andrea De Maria, a Democrat who supported an alliance with the dissidents,
said it was now clear they had "chosen the path of rupture and must take on all
responsibility for the centre-left division", likely to have severe
consequences.
A party to the left of the Democrats could end up helping a coalition of
the centre-right and populists into power, he warned. But, De Maria said,
despite these divisions the Democrat Party remains the left's best option for
government.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,M$I$$$,M$X$$$,MC$$$$,MI$$$$,MX$$$$]
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.