Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Factbox-Possible scenarios as Italy’s government faces collapse
    Top Stories

    Factbox-Possible scenarios as Italy’s government faces collapse

    Published by Jessica Weisman-Pitts

    Posted on July 15, 2022

    3 min read

    Last updated: February 5, 2026

    The Prime Minister's office at Chigi Palace in Rome symbolizes the current political crisis in Italy, as Prime Minister Mario Draghi faces challenges from coalition partners. This image reflects the uncertainty surrounding the government and potential early elections.
    View of the Prime Minister's office at Chigi Palace amid Italy's political turmoil - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Presidentfinancial crisispolitical risk insuranceeconomic growth

    Quick Summary

    ROME (Reuters) – Italy might need early elections to overcome a political impasse, government officials said on Friday, after Prime Minister Mario Draghi tendered his resignation in the wake of a mutiny by the 5-Star Movement, a coalition partner.

    ROME (Reuters) – Italy might need early elections to overcome a political impasse, government officials said on Friday, after Prime Minister Mario Draghi tendered his resignation in the wake of a mutiny by the 5-Star Movement, a coalition partner.

    President Sergio Mattarella rejected Draghi’s resignation on Thursday and asked him to address parliament next week, probably on Wednesday, to see if he has a workable and cohesive majority.

    Here are possible scenarios over what may happen next:

    SAME PREMIER, SAME PARTNERS

    Draghi has not lost a confidence vote and he still has a clear parliamentary majority, even without 5-Star. Moreover, the party has not said it wants to leave the government and its ministers have not resigned.

    So on paper Draghi could continue with a multi-party coalition. However, he seems to have no desire to carry on with the economy struggling, the war raging in Ukraine and COVID-19 cases once more on the rise.

    He warned earlier this week he was not willing to accept policy “ultimatums” from the parties and he told cabinet on Thursday the “pact of trust” between the ruling parties had been broken and his coalition of national unity “no longer exists”.

    SAME PREMIER, FEWER PARTNERS

    Plausible on paper but unlikely in practice.

    Draghi calls a confidence vote, 5-Star doesn’t back him but he retains the support of the other coalition parties, including the rightist League, the centre-left Democratic Party (PD) and a sizeable group of former 5-Star politicians who split with its leader Giuseppe Conte last month.

    Draghi would have a smaller, but nonetheless viable majority in both houses of parliament.

    However, Draghi has said he will not stay in power without 5-Star, and the League has also signalled it will not back another government.

    Even if Draghi and the League change their mind, the operation would upset the government’s internal equilibrium, since the coalition would be heavily skewed to the right, and demands from the remaining groups could trigger fresh turmoil.

    EARLY ELECTIONS

    A snap vote in September or October looks increasingly possible, even though Italy has not held an election in autumn since World War Two, with the final months of the year traditionally dedicated to drawing up the budget.

    An early vote carries other risks. Italy still needs to meet many bureaucratic and legislative deadlines this year to secure billions of euros in European funds and these might be missed without a fully functioning government in place.

    However, the League and its ally Brothers of Italy, which leads in opinion polls, are calling for elections if Draghi goes, and Foreign Minister Luigi Di Maio, who left 5-Star last month, said on Friday there would be no alternative.

    NEW PREMIER

    In an effort to avoid early elections and financial turmoil, Mattarella could try to put together another unity administration calling in an institutional figure to lead it until elections, which are due in the first half of 2023.

    However, it is hard to imagine the various components of Draghi’s government rallying around a new figure.

    (Reporting By Gavin Jones and Angelo Amante, writing by Gavin Jones; Editing by Kim Coghill)

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostVW China expects to double ID electric vehicle sales despite COVID
    Next Top Stories PostChina’s economy brakes sharply in Q2, global risks darken outlook