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Italian PM Draghi To Meet Pres. Mattarella After Confidence Vote In Senate
Italian PM Draghi To Meet Pres. Mattarella After Confidence Vote In Senate— LiveSquawk (@LiveSquawk) July 14, 2022
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Added at 9:31am
Euro Plunges Below USD-Parity As Italian Politics Reignite 'Defragmentation' Risks
Well that escalated quickly. Despite winning the confidence vote, even as the Five Star Movement boycotted, Corriere is reporting that Mario Draghi is heading to meet with Italy's President, perhaps suggesting his resignation is imminent as he has apparently lost the coalition majority. Italian stocks and bonds are reeling (yes, again) as political risk soars back to top of mind after the Five Star Movement set to boycott a key aid package vote, putting the survival of Prime Minister Mario Draghi’s government at risk. Giuseppe Conte, the Five Star party leader and the second-biggest group in Draghi’s coalition, ... (full story)