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The Italian government won this Thursday, July 14, a motion of confidence in the Upper House of a key decree of the Executive. However, the 5 Star Movement (M5S) carried out its threat to boycott the vote. Other member parties of the coalition had warned of their withdrawal if the M5S abstained from voting. Draghi himself declared this week that he will not run a government without that party. The decision is now in the hands of President Sergio Mattarella.
The 5 Star Movement (M5S), one of the main parties of the government coalition in Italy, fulfilled its threat of not voting this Thursday on a confidence motion for Prime Minister Mario Draghi in the Senate, which has opened a crisis of government in the country. Despite this, Draghi passed the confidence motion with 172 votes in favor and 39 against.
The prime minister and former head of the European Central Bank said earlier this week that his government could not continue without the support of M5S – which emerged as the biggest party in the 2018 elections – and has ruled out leading the birth of another government. led by him, although he still has a parliamentary majority. Draghi could then resign.
Meanwhile, the rest of his partners ask him to go to Parliament to verify the support and continue to lead the Executive.
President Sergio Mattarella, the supreme arbiter in Italian politics, will have to decide how to resolve this crisis. He could ask Draghi to try to bring his administration back together with a new vote of confidence. If a majority cannot be obtained, he will have to dissolve parliament and call early elections.
After the vote, a government source said that Draghi went directly to see President Mattarella.
The senators of the M5S left the Upper House to not vote on the motion related to the so-called “Aid Decree” that would deliver 26,000 million euros to families and companies to alleviate inflation, considering that the measures of that decree are insufficient.
The vote of confidence was used to speed up parliamentary approval of the multibillion-euro aid package, which also includes a provision allowing Rome to build a giant garbage incinerator.
The M5S has been pressing Draghi to do more to help cushion the rising cost of living and has also long opposed the incineration project.
The decision by the party, led by former Prime Minister Giuseppe Conte, plunged Italy into political uncertainty and risks undermining efforts to secure billions of euros in funding from the European Union, cope with a damaging drought and reduce its dependence on Russian gas.
Risks of a crash spread across financial markets where Italian bond yields rose sharply, signaling investors are demanding a higher premium to hold their debt, and stocks fell.
Italy’s rising borrowing costs have been complicating the European Central Bank’s efforts to keep inflation caused by soaring energy prices in check.
With Reuters and EFE
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