The second day of crisis talks in Italy after the resignation of the Prime Minister

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — Italian President Sergio Mattarella will hold consultations for the second day on Thursday aimed at resolving the political crisis that is shaking the country after the populist government broke up.

The president will meet the main parties, including the Five Star Movement and the far-right League, after its stalled coalition collapsed.

Prime Minister Matteo Salvini resigned on Tuesday, months after the alliance collapsed and NLD leader Interior Minister Matteo Salvini tried to force the country into early elections just 14 months after he took office.

The Italian government has angered many European leaders for adopting a populist nationalist line and a tough stance on immigrants, especially by Salvini, and trying to violate EU budget laws.

Matarella met parliament speakers on Wednesday and was trying to find a solution.

Key options include forming a new coalition and a technocratic government for a short period, or holding elections more than three years ahead of schedule.

– Conditional support –

Even before President Sergio Matarella began consultations with political forces to discuss the possibility of forming a new government coalition, the Democratic Party, the country’s first leftist power, voted unanimously on a proposal to be submitted to the president to “form a government of change” with the well-known Five Star Movement. Against institutions.

Democratic Party leader Nicolas Zingariti said at a press conference at the end of a meeting of his party’s leadership on Wednesday that the party wanted to reach an understanding with the five-star movement on “an actionable program that is also shared with a broad parliamentary majority.”

The two parties have been at odds for years. But the formation of an alliance to see Salvini removed from the government is a powerful incentive for a bipartisan compromise.

The Democratic Party has put five conditions on the five-star movement, which was originally born to denounce the existing political system and corruption that plagues it, but includes several currents, one of which is highly hostile to the European unitary experience.

The five conditions Zingariti enumerated were “adherence to Europe, full recognition of representative democracy and the central role of parliament, work on respect for the environment, changing how the flow of migrants is managed while demanding a greater role for Europe in this regard, and adjusting the country’s economic and social policy to allow for more Of investments. ”

He later told La 7 television that he opposed Conte’s idea of ​​staying as prime minister, although the five-star movement would like him to stay in office. But she said she would “wait until the end of the consultations.”

In a bid to form the alliance, former prime minister Matteo Renzi of the Democratic Party said he would not take part in the alliance.

Many members of the Five Star Movement regard him as elite.

On Wednesday, he ridiculed his former coalition allies.

“Whatever form the government will emerge, its objectives will be against the League.”

– Recession risk –

Markets have so far welcomed the end of an unstable coalition government in the euro zone’s third-largest economy, with the Milan bourse up on Wednesday.

The country’s debt rate of 132% of GDP is the second highest in the euro zone after Greece, and the youth unemployment rate is now above 30%.

Successive governments find it difficult to reduce levels of debt and unemployment.

“Italy’s heterogeneous political landscape and the budget challenges facing that country go beyond a sovereign debt crisis,” Rabobank analyst Jane Foley said.

Rome will have to pass the budget over the next five months or face an automatic rise in the value-added tax, which would be the hardest hit by low-income families and could plunge the country into recession.

“The crisis has reached a critical juncture for Europe amid the risk of a recession in Germany and the formation of a new European Commission, which could be a major cause of deterioration of confidence in the euro zone,” said Andrea Montanino, chief economist at the General Federation of Italian Industries.

After last year’s elections, the government was formed after months of difficult consultations.

Matarella said he wanted consultations to end quickly but the differences between the Democratic Party and the five-star movement were deep, which could complicate efforts to form a coalition.

A bipartisan alliance will need the support of smaller parties to form an effective government.

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