Italy Faces Coalition Collapse Crisis, Confidence Vote in Parliament on 18-19th
[Asia Economy Reporter Sung Ki-ho] The confidence vote on the Italian coalition government will take place over two days, on the 18th and 19th (local time).
According to local media, both the Chamber of Deputies and the Senate will hold a confidence vote on the current coalition led by Prime Minister Giuseppe Conte.
If the coalition secures a majority in this vote, which was requested by Prime Minister Conte, there is a high possibility of political revival. However, if it fails to secure a majority, Prime Minister Conte is expected to resign, plunging the political situation into chaotic uncertainty.
The existing coalition has been operated by three major parties: the anti-establishment Five Star Movement (M5S), the center-left Democratic Party (PD), and the centrist party Italia Viva (IV).
However, the political crisis became a reality after IV declared its withdrawal from the coalition on the 13th, citing policy disagreements.
If the coalition fails to secure a majority in this vote, the political scenario will become more complicated.
After Prime Minister Conte’s resignation, options include forming another coalition led by the Five Star Movement and the Democratic Party, or appointing a neutral crisis manager such as former European Central Bank (ECB) President Mario Draghi as Prime Minister to form a national unity cabinet.
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However, if these options also fail, the only remaining choice will be the dissolution of parliament and an early general election.
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