FILE PHOTO: Italian Prime Minister Giuseppe Conte gestures as he speaks ahead of a confidence vote at the upper house of parliament after former Prime Minister Matteo Renzi pulled his party out of government, in Rome, Italy, January 19, 2021. REUTERS/Yara Nardi//File Photo
Efforts to lure centrist and independent senators into the coalition to fill the hole left by Renzi have met little success, leaving Conte no choice but to resign and open a formal government crisis that will give him more time to find a deal. Financial markets edged higher despite the latest political tumult, with investors hopeful that Conte might eventually emerge with a more stable government.
If all else fails, the president will have to call an election, two years ahead of schedule, although political analysts say this is the least likely scenario. Conte is a lawyer with no direct political affiliation, but is close to 5-Star, the largest party in parliament.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.