'Doing Putin a favour' Italy risks 'destabilising Europe' as Draghi to be ousted


Share post:

Italy’s president rejected the resignation of prime minister Mario Draghi on Thursday after a day of political drama that threatened to bring down a national unity government that has been in office less than 18 months. Mr Saccone claimed that the country’s political instability could favour Russia’s aggression and motives, with the centre-right Forza Italia party senator telling Draghi’s critics he would be “doing Putin a favour”.

Mario Draghi, the former European Central Bank (ECB) president, announced he was to resign on Thursday after the 5-Star Movement, a coalition party, failed to back him in a confidence vote over his plan to combat the cost of living crisis.

He stated: “The national unity coalition that backed this government no longer exists.”

The 74-year-old went to the Quirinale Palace in Rome to meet president Sergio Mattarella and hand in his resignation but Mattarella, the supreme arbiter in Italian politics, urged him to rethink.

Mattarella asked Draghi, who is an unelected technocrat, to address parliament to get a clearer picture of the political situation.

READ MORE: Draghi resignation REJECTED after shock move from Italian PM

Italy’s political turmoil comes as the country faces a debt crisis and a secular lack of economic growth.

During Draghi’s 17-month premiership, Italian borrowing costs rose, something he acknowledged at a news conference two months ago.

He told reporters: “This shows I’m not a shield against all events. I’m a human being, and so things happen.”

Italy is big enough to bring down the rest of the eurozone periphery as its €2.5 trillion (£2.12 trillion) government debt pile is larger than those of the other four countries combined and too big for a bailout.

POLL: Who do you want to win Tory leadership contest? VOTE NOW


Please enter your comment!
Please enter your name here


Related articles

Novak Djokovic may not catch Laver Cup record that Roger Federer definitely never will

Another edition of the Laver Cup has drawn to a close in what was arguably the most...

'Key component!' Ex-Tory adviser takes aim at Truss as Cabinet split over immigration plan

It has been reported that the Cabinet members who approve of the plan are Kwasi Kwarteng, Nadhim...

Man Utd prediction Jose Mourinho made four years ago looks bang on thanks to Erik ten Hag

Last season, Ole Gunnar Solskjaer and Ralf Rangnick both struggled to find a back four that could...

’Never satisfied!’ King Charles' work-ethic and 'demanding' boss reputation laid bare

Working for King Charles is not like working a regular eight-hour job, as the monarch can be...