Crisis in Italy as Conte steps down
Print Edition
Italian Prime Minister Giuseppe Conte said yesterday he would resign, lashing out at far-right Interior Minister Matteo Salvini for pursuing his own interests by pulling the plug on the government coalition.
鈥淚鈥檓 ending this government experience here... I will go to the president of the republic (Sergio Mattarella) to inform him of my resignation,鈥 Conte said after an almost hour-long speech to the chamber.
鈥淚t is irresponsible to initiate a government crisis,鈥 Conte said after Salvini began his efforts to bring down the government in the hope of snap elections he hoped would make him premier. 鈥淚t shows personal and party interests,鈥 Conte said of the end of the alliance between the anti-migrant League and the anti-establishment Five Star Movement.
Conte was speaking following a week of fallout from Salvini鈥檚 decision to back out of the alliance on August 8, plunging the eurozone鈥檚 third-largest economy into political turmoil.
After Conte announced his intention to resign, Salvini hit back saying: 鈥淭hank you, finally, I would do it all again.鈥
Salvini 鈥渧iolated the solemn promise he took when the government began that if there were differences they should be discussed in good faith and with loyal collaboration,鈥 Conte said as League senators booed and hissed.
The likely end of the 14-month-old government would open the way for Mattarella to begin consultations with political parties, with a range of options available.
A snap election, the forming of a new coalition without holding a new vote and, although unlikely, the continuation of the current government, would all be considered.
The political crisis has raised concerns about the Italian economy, whose debt ratio at 132 percent of gross domestic product is the second-biggest in the eurozone after Greece.
Since the unwieldy government was formed in June 2018, uncertainty under the coalition has cost the country an extra 5 billion euros (US$5.54 billion) in interest on its debt, the Il Sole 24 Ore financial newspaper reported.
Salvini鈥檚 plan for a snap election 鈥 more than three years early 鈥 had envisioned a vote in October followed by him being crowned as prime minister. According to opinion polls, the League could form a coalition with the anti-immigration, anti-LGBT Brothers of Italy, and possibly Silvio Berlusconi鈥檚 center-right Forza Italia.
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