The Prague Post - Italy again fails to elect president as parties buy time

EUR -
AED 4.321861
AFN 81.200765
ALL 97.616692
AMD 452.43926
ANG 2.106058
AOA 1079.140893
ARS 1449.265402
AUD 1.789699
AWG 2.121212
AZN 2.00124
BAM 1.951798
BBD 2.376427
BDT 144.383923
BGN 1.957717
BHD 0.443659
BIF 3459.841359
BMD 1.176817
BND 1.498627
BOB 8.133322
BRL 6.365518
BSD 1.176986
BTN 100.353213
BWP 15.548117
BYN 3.851801
BYR 23065.609063
BZD 2.364252
CAD 1.59757
CDF 3395.116416
CHF 0.934775
CLF 0.028452
CLP 1091.838782
CNY 8.43236
CNH 8.437176
COP 4695.498988
CRC 594.181556
CUC 1.176817
CUP 31.185645
CVE 110.473663
CZK 24.631924
DJF 209.143853
DKK 7.461118
DOP 70.432185
DZD 152.34005
EGP 58.082088
ERN 17.652252
ETB 159.399244
FJD 2.630423
FKP 0.863906
GBP 0.861295
GEL 3.200863
GGP 0.863906
GHS 12.179656
GIP 0.863906
GMD 84.144119
GNF 10186.525934
GTQ 9.049443
GYD 246.245044
HKD 9.236117
HNL 30.808946
HRK 7.534924
HTG 154.54309
HUF 398.787318
IDR 19097.382851
ILS 3.917156
IMP 0.863906
INR 100.505565
IQD 1541.629994
IRR 49573.407255
ISK 142.383193
JEP 0.863906
JMD 188.034412
JOD 0.834402
JPY 170.30184
KES 152.400959
KGS 102.91226
KHR 4731.980293
KMF 491.909358
KPW 1059.166398
KRW 1603.871873
KWD 0.359284
KYD 0.980889
KZT 611.565907
LAK 25366.285986
LBP 105442.784641
LKR 353.105912
LRD 235.952961
LSL 20.676409
LTL 3.474834
LVL 0.711845
LYD 6.330676
MAD 10.563401
MDL 19.820356
MGA 5219.182352
MKD 61.518559
MMK 2470.381248
MNT 4219.220358
MOP 9.516086
MRU 46.727589
MUR 52.803666
MVR 18.123811
MWK 2043.545394
MXN 21.949093
MYR 4.969106
MZN 75.269392
NAD 20.676656
NGN 1805.837446
NIO 43.247927
NOK 11.831439
NPR 160.564742
NZD 1.936239
OMR 0.452489
PAB 1.176986
PEN 4.184747
PGK 4.936724
PHP 66.426624
PKR 334.156977
PLN 4.2421
PYG 9383.757423
QAR 4.284319
RON 5.058313
RSD 117.150945
RUB 93.057992
RWF 1687.555275
SAR 4.413225
SBD 9.811033
SCR 16.585264
SDG 706.684128
SEK 11.264375
SGD 1.499447
SHP 0.924793
SLE 26.41966
SLL 24677.263968
SOS 672.554902
SRD 43.759929
STD 24357.731547
SVC 10.298881
SYP 15300.713136
SZL 20.676759
THB 38.168889
TJS 11.410901
TMT 4.130627
TND 3.398057
TOP 2.756221
TRY 46.863869
TTD 7.974647
TWD 34.047784
TZS 3096.839276
UAH 49.144922
UGX 4222.341557
USD 1.176817
UYU 47.153306
UZS 14833.775534
VES 128.830248
VND 30832.59987
VUV 139.981303
WST 3.061526
XAF 654.61463
XAG 0.032006
XAU 0.000354
XCD 3.180406
XDR 0.813634
XOF 654.900069
XPF 119.331742
YER 284.966467
ZAR 20.612676
ZMK 10592.766693
ZMW 28.394773
ZWL 378.934526
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

Italy again fails to elect president as parties buy time
Italy again fails to elect president as parties buy time

Italy again fails to elect president as parties buy time

The fourth round of Italy's presidential elections flopped before it began Thursday, with parties unwilling to risk a crisis by picking Prime Minister Mario Draghi, but unable to agree on an alternative candidate.

Text size:

The right-wing bloc abstained and the centre-left cast blank ballots in the parliamentary vote, prolonging the uncertainty over the leadership of the eurozone's third-largest economy.

The largest number of votes -- over 160 -- went to outgoing President Sergio Mattarella, 80, who has repeatedly said he will not serve another term.

Behind him, with 56 votes, was anti-mafia magistrate Nino Di Matteo, who lives under police protection.

After four days of voting, Italians had hoped for a breakthrough Thursday when the threshold for victory fell from a two-thirds majority of the electoral college to an absolute majority.

Leaders suggested a deal might be found by a fifth round on Friday.

Draghi, a former European Central Bank chief who has led Italy's national unity government since February 2021, was the frontrunner going into the contest.

But concerns his departure would destabilise the coalition, threatening a tight reform programme on which EU recovery funds depend as well as risking snap elections, have persisted over days of intensive backroom talks.

- Increasingly 'fraught' -

Matteo Salvini of the anti-immigration League party, part of the right-wing bloc, insisted on Thursday that Draghi was "precious there, where he is now".

"The presidential race remains wide and unpredictable," with Draghi's candidacy "getting more fraught" by the day, said Wolfango Piccoli of the London-based political risk consultancy Teneo.

The president is a ceremonial figure, but wields great power during political crises -- frequent events in Italy, which has had dozens of different governments since World War II.

Without formal agreement between the parties, lawmakers are effectively refusing to vote -- in each round so far, most ballots have been left blank.

Meanwhile, the list of potential alternatives to Draghi changes daily, from ex-premiers to judges and even Italy's spy chief, Elisabetta Belloni.

Former Chamber of Deputies speaker Pier Ferdinando Casini and Senate speaker Elisabetta Casellati -- who would be the first female president -- are considered to be in with a chance.

- 'Divided' -

Draghi has led a remarkably united government for the past 11 months, overseeing the economic recovery after a punishing pandemic-induced recession.

Many want him to stay to oversee major reforms to the tax and justice systems and public administration demanded in exchange for almost 200 billion euros ($225 billion) worth of funds from the EU's post-virus recovery scheme.

But with parties already campaigning for the 2023 general election, many analysts believe he will find it increasingly difficult to get things done.

Former senate speaker Renato Schifani said it was "the first time I've seen parliament so divided".

Some even raised the possibility that Draghi could tire of the politics and resign as premier.

The electoral college is made up of more than 1,000 senators, MPs and regional representatives.

Y.Havel--TPP