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MNI POLITICAL RISK - GOP Facing One Seat Majority In House
MNI: Top Italy Election Player Says Centrist Upstarts Are Key
By Silvia Marchetti
ROME (MNI) - Small centrist parties that have sprouted up in Italy will
hold the key to the outcome of the country's March 4 general election, the
co-founder of one such grouping told Market News.
Senator Andrea Augello, who set up the 'Idea' party with around 50 rightest
renegades from Silvio Berlusconi's coalition, sees the attachment of parties
like his to the bigger Italian centre-right and centre-left beasts - in order to
lure the all-important swing voter - as the decisive factor.
Such smaller groupings are proliferating in Italy at a time when rising
tensions in the centre-right coalition between former premier Silvio
Berlusconi's Forza Italia party and the populist Lega group over governing
program priorities are putting at risk the victory of the right.
Idea, a new "fourth-leg" moderate centrist party, may be able to rescue
Berlusconi if the Lega decides to withdraw its support.
RENZI'S DISADVANTAGE
Similar electoral moves are being made on the once powerful center-left
front.
The Democratic party of former prime minister Matteo Renzi, facing a
significant drop in support, is desperately looking for potential allies among
other leftist and environmentally-friendly "green" groups.
The old guard's recent schism led to the birth of an anti-Renzi party that
has already drained support from the Democrats and could contribute to its
defeat.
"Luring swing voters, and, even tougher, unmotivated citizens back to the
ballot boxes will be the greatest challenge of parties, more so because of such
a penalising electoral system. But right now a large chunk of swing voters feel
more drawn towards Berlusconi than Renzi, for the simple fact that they already
know the man", argued Andrea Ungari, professor of political parties at
ROME-based University LUISS-Guido Carli.
Ungari was referring to Italy's proportional voting system that favours
coalitions and makes it nearly impossible for any party to win alone.
The new electoral law has also lowered the parliament threshold entry level
from 5% to 3%, making it easier for any tiny group to be elected but at the same
time it has increased the dispersion of votes.
CENTRE-RIGHT SWINGS AHEAD
"We unite former left and right-wing politicians who can bring to the
center-right platform roughly 3-4% of additional votes, which will be crucial in
defeating the Democrats and supporting Berlusconi", Augello, who was himself
previously part of a formation supporting the Democrat-led government, told MNI.
"It is crucial to motivate estranged and centrist, liberal swing voters who
don't look to any traditional left or right party including Forza Italia, Lega
and Fratelli d'Italia, which have so far been the 'three legs' of the
center-right alliance but might not be sufficient in conquering particular
voters", he added.
The Idea party comprises senators and deputies who once belonged to
Berlusconi's coalition in the past but then abandoned it and are now 'returning'
to the center-right, explained Augello. The party sponsors the introduction of a
market-friendly flat tax and tax credits to start-ups led by young businessmen.
"Our flat tax idea is more realistic than the 15% one envisaged by the
Lega, which would be hard to effectively implement as way too far-fetched", said
Augello.
Political groups have 60 days of electoral campaigning to win over swing
voters and raise the potential turnout rate, which appears at the moment quite
low. According to recent polls, swing voters account for almost 56% of Italy's
current electorate.
"This is why coalitions are paramount, the need to team up, following
polarisation schemes, has never been stronger than today. We want to contribute
in (aggregating) centrist voters towards the center-right", stressed Augello.
--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com
[TOPICS: M$E$$$,M$I$$$,M$X$$$,MC$$$$,MX$$$$]
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.