Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • 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

    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 © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and 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.

    Top Stories

    Italian foreign minister accuses own party of ‘immaturity’ over Ukraine

    Italian foreign minister accuses own party of ‘immaturity’ over Ukraine

    Published by Jessica Weisman-Pitts

    Posted on June 20, 2022

    Featured image for article about Top Stories

    By Crispian Balmer

    ROME (Reuters) – Italian Foreign Minister Luigi Di Maio on Sunday accused his own 5-Star Movement party of undermining government efforts to support Ukraine and weakening Rome’s standing within the European Union.

    His outburst could signal an imminent schism in the group he once led.

    A late night meeting of 5-Star’s national executive ended with no concrete decision on Di Maio’s future, but the rift remains between him and party leader Giuseppe Conte.

    The internal party feuding also creates problems for Prime Minister Mario Draghi as he faces an important vote in parliament on Tuesday over Ukraine, with some 5-Star members looking to limit Italy from sending further weapons to Kyiv.

    Italy, like many EU countries, has been dispatching arms to Ukraine to help it battle the Russian assault.

    In a statement, Di Maio said the government had to defend the values of democracy and freedom, adding that while everyone wanted peace, Russian President Vladimir Putin was pursuing war.

    Against this backdrop, he said 5-Star leaders were attacking him with “hatred” and causing trouble for the government with its European partners. “(This is) an immature attitude that tends to create tensions and instability within the government,” he added.

    There was no immediate comment from Conte, a former prime minister. Earlier on Sunday, one of Conte’s loyalists, Riccardo Ricciardi, said Di Maio had turned on his political family and should face the consequences.

    5-Star is the largest political force in parliament after winning 33% of the vote in 2018 national elections. Its fortunes have however suffered since then as it lost its anti-establishment identity once in government.

    Latest opinion polls put it on around 13% and it won barely 3% of the vote in local elections last weekend.

    Di Maio blamed the rout on Conte, while the latter said 5-Star was paying a price for being in Draghi’s broad coalition.

    Party officials said he was lashing out because the 5-Star leadership had said it would enforce an old rule that its members cannot stand for re-election after two consecutive terms in parliament – a measure that would stop Di Maio from being a candidate next time around.

    If Di Maio leaves the party, a band of supporters might follow him and create a breakaway party inside parliament, bringing fresh turbulence to Draghi’s administration.

    (Reporting by Crispian Balmer; Editing by David Holmes)

    Why waste money on news and opinions when you can access them for free?

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

    Subscribe