Quantcast
Channel: Silver For The People - The Blog » Italian Election
Viewing all articles
Browse latest Browse all 7

Draghi and Italy

0
0

marctomarket.com / By Marc Chandler /March 4, 2013

A key issue that will be addressed this week is how will the ECB respond to the electoral outcome of Italy.

The outcome of the Italian election is not yet really known in the sense of the composition of the next government. There seems to be two potential paths going forward. The first was floated over the weekend of another technocrat government.

The name of the Italy’s central bank governor, who succeeded Draghi in late 2011, Visco has suggested to replace Monti as the technocrat PM. There does not seem to be much support for this course, but may have been proposed to encourage a political solution.

Indeed the shape of a potential political solution is crystallizing. In effect, the senators elected under Grillo’s 5-Star Movement would abstain in a confidence vote, making it easier to secure a majority. The 5-Star movement would support individual government measures that would include a limited agenda: electoral reform, some provide some relief from austerity and the selection of a new president as Napolitano’s term ended in mid-May.

READ MORE


Viewing all articles
Browse latest Browse all 7

Latest Images

Trending Articles





Latest Images