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Free AccessSome mild respite for the gov't in Rome as....>
ITALY: Some mild respite for the gov't in Rome as the centre-left Democratic
Party (PD) retains power in Emilia-Romagna's regional election.
- With 99% of precincts reporting PD and its allies hold onto power with 51.4%
of vote to 43.7% for centre-right coalition which includes right-wing League of
former Dep. PM Matteo Salvini.
- For the PD, result comes as huge relief. Turnout rose to 67.7% from 37.8% in
2014. Salvini putting himself front and centre in campaign seems to have
backfired somewhat, engendering mass protests (the 'sardines' movement) and
ensuring high turnout among those opposed to his populist politics.
- For the 5-Star Movement (M5S) the result comes as a blow. M5S did not campaign
vigorously, and voters may have gone with PD to keep League out, but a return of
just 3.5% will come as a concern at a time of major stress following the
resignation of leader Luigi di Maio last week.
- Political risk in Italy by no means gone. Focus will shift to party
conferences for M5S and PD in the spring, and prospect of further M5S defections
in parliament.
To read the full story
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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.