What Italy's Political Chaos Means for Europe

, the former European Central Bank chief who saved the Eurozone almost exactly a decade ago by pledging publicly to do “whatever it takes” to steer Europe through its sovereign debt crisis, has abandoned hopes of seeing Italy through its current time of troubles. Italy must now weather the storms created by the human and economic losses from the pandemic and the energy and security crises created by Russia’s invasion of Ukraine with someone else in charge.

Over the past 17 months, sniping within the coalition has made Draghi’s life more difficult, but the need to secure relief funds from Brussels and the fear that new elections would unleash chaos held things together. Leaders of the right-wing parties who believed they could win a future election knew that a national vote was due no later than next spring.

This upheaval comes at a terrible time for Italy. This next election will mark the first time in decades that a national vote has taken place in autumn, a period usually reserved for passing a budget. And Italy needs to pass a budget to implement the reforms the European Commission demands in exchange for a promised €200bn in grants and loans from the EU’s pandemic relief fund.

ianbremmer I have yet to see anyone differentiate between chaos and liberal rule.

ianbremmer One brief shining moment…

ianbremmer Choas and Italian government go together. 👍

ianbremmer

ianbremmer Good morning US friends!

ianbremmer If it's by the means of elections it will be a democratic decision of the Italians. Not worst that what's happening in far left countries.

ianbremmer Draghi’s gov fell also because disagreement on sending weapons to Ukraine which the majority of Italians is against

ianbremmer

ianbremmer Neh they do this almost every year i think!

ianbremmer Don’t lie! Is not far right but center right - means DEMOCRACY, forgotten now by left o rather far left we have!!!! Stop lie!!! Can’t accept this lie!!!

ianbremmer Italy's worst time in history has come at the hands of the left. The worst people have been in modern history has been caused by the left.

ianbremmer The extreme Leftist destructive moves around the world, are bringing on this. And it’s appalling. Do you notice?

ianbremmer Time that the far right also take over Time

ianbremmer Faisons confiance aux Italiens, et leur sens de la Démocratie !!!

ianbremmer More of these globalist regimes will fall. They no longer serve the interests of the people they were elected to lead.

ianbremmer

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