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Wednesday, August 10, 2022

Draghi will present his resignation to the Italian President today: “I will visit Mattarella to tell him of my determination”

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Italy has finally buried the productive Draghi era. The Prime Minister, who this Wednesday fell victim to the loss of support from his executive branch partners, announced this morning in the Chamber of Deputies that he would submit his resignation to the President of the Italian Republic, Sergio Mattarella. Parliament avoided the process of a second vote of confidence, as indicated by the perfect Italian bicameral system, and Draghi then went to the Quirinal Palace to meet the head of state and present his resignation. Italy will now open an electoral process, which is expected to lead to general elections in the first or second week of October. A dizzying scenario at the most delicate moment for Italy and for Europe.

Draghi appeared in the Chamber of Deputies after 9am this Thursday, where he thanked him and received thunderous applause. Visibly touched, he turned his favorite joke about central bankers upside down. “As you can see, sometimes a banker’s heart is involved.” Then he briefly initiated the process. “In view of yesterday’s vote, I ask that the sitting be adjourned to visit the President of the Republic and communicate my determination to him.”

Wednesday caused a kind of political short circuit that nobody had expected in the morning. Draghi appeared in the Senate willing to reverse his decision made six days earlier to tender his resignation. He did so, he said, due to strong popular support and enormous international pressure, which reminded him of the prominence Italy had acquired on issues such as the war in Ukraine and pending commitments to the European Union. It seemed nobody wanted Draghi to go. According to a poll last weekend, only three out of ten Italians would have preferred to go to the polls The stamp. So Draghi appeared in the Senate with a synthetic government program that he proposed signing to move forward. But self-destructive Italian politics unexpectedly erupted again.

The right-wing parties, part of Draghi’s unity government, felt the scenario was too favorable to win a hypothetical election and overthrew the prime minister. Both parties withdrew their support for the executive on the pretext that they no longer shared an umbrella organization with the 5 Star Movement. And then her too grilling, who severely accused the Prime Minister of failing to meet their demands. A decision that can only be explained on partisan grounds, which will lead, among other things, to an implosion of Forza Italia, Silvio Berlusconi’s party, which is part of the European People’s Party and yesterday behaved like another of the Italian populist forces.

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