Dubai Telegraph - Italy again fails to elect president as parties buy time

EUR -
AED 4.172469
AFN 82.254285
ALL 99.443091
AMD 442.669245
ANG 2.033561
AOA 1042.821867
ARS 1220.13733
AUD 1.80657
AWG 2.044748
AZN 1.935661
BAM 1.955664
BBD 2.288841
BDT 137.74043
BGN 1.961167
BHD 0.42777
BIF 3370.065862
BMD 1.135971
BND 1.496896
BOB 7.833456
BRL 6.659749
BSD 1.133621
BTN 97.596219
BWP 15.810902
BYN 3.709842
BYR 22265.033118
BZD 2.277042
CAD 1.575536
CDF 3265.353315
CHF 0.926352
CLF 0.02877
CLP 1119.192243
CNY 8.283619
CNH 8.27647
COP 4910.258856
CRC 581.659589
CUC 1.135971
CUP 30.103234
CVE 110.25734
CZK 25.124845
DJF 201.665989
DKK 7.469696
DOP 70.015136
DZD 149.546094
EGP 58.259952
ERN 17.039566
ETB 147.302266
FJD 2.589451
FKP 0.868404
GBP 0.868347
GEL 3.135724
GGP 0.868404
GHS 17.570779
GIP 0.868404
GMD 81.226307
GNF 9813.318212
GTQ 8.743393
GYD 237.163523
HKD 8.810422
HNL 29.369959
HRK 7.534333
HTG 148.329695
HUF 409.938323
IDR 19081.076584
ILS 4.222235
IMP 0.868404
INR 97.663012
IQD 1484.996829
IRR 47824.382762
ISK 145.295033
JEP 0.868404
JMD 179.687516
JOD 0.805522
JPY 163.035006
KES 146.799801
KGS 99.341107
KHR 4541.684463
KMF 499.263598
KPW 1022.37397
KRW 1614.4251
KWD 0.348107
KYD 0.944734
KZT 585.8193
LAK 24559.293723
LBP 101571.343247
LKR 338.136508
LRD 226.724248
LSL 21.868981
LTL 3.354228
LVL 0.687138
LYD 6.299562
MAD 10.546067
MDL 20.093604
MGA 5113.644725
MKD 61.530725
MMK 2384.758424
MNT 4016.491897
MOP 9.055971
MRU 44.687895
MUR 49.87338
MVR 17.498202
MWK 1965.663434
MXN 23.067966
MYR 5.023837
MZN 72.60034
NAD 21.868981
NGN 1814.225757
NIO 41.717102
NOK 12.117749
NPR 156.154151
NZD 1.949496
OMR 0.437393
PAB 1.133621
PEN 4.231206
PGK 4.684675
PHP 64.754939
PKR 317.835518
PLN 4.289579
PYG 9069.369898
QAR 4.133413
RON 4.979761
RSD 117.211857
RUB 94.489935
RWF 1633.886484
SAR 4.263339
SBD 9.490317
SCR 16.273869
SDG 682.154808
SEK 11.102759
SGD 1.499032
SHP 0.892695
SLE 25.877842
SLL 23820.749672
SOS 647.85499
SRD 42.083228
STD 23512.307787
SVC 9.919311
SYP 14769.603836
SZL 21.857481
THB 38.057346
TJS 12.316644
TMT 3.975899
TND 3.411763
TOP 2.660562
TRY 43.085154
TTD 7.708464
TWD 36.779567
TZS 3038.088926
UAH 46.92884
UGX 4165.710584
USD 1.135971
UYU 49.176583
UZS 14700.978637
VES 87.603875
VND 29259.775028
VUV 139.642442
WST 3.209868
XAF 655.91143
XAG 0.035183
XAU 0.000351
XCD 3.070019
XDR 0.815743
XOF 655.91143
XPF 119.331742
YER 278.657784
ZAR 21.729241
ZMK 10225.106937
ZMW 31.995777
ZWL 365.782223
  • RBGPF

    62.0100

    62.01

    +100%

  • JRI

    0.1450

    11.91

    +1.22%

  • BCE

    0.3800

    21.36

    +1.78%

  • NGG

    2.4700

    68.06

    +3.63%

  • SCS

    -0.0300

    10.18

    -0.29%

  • GSK

    1.0400

    34.64

    +3%

  • RIO

    1.9900

    56.86

    +3.5%

  • BCC

    0.9800

    95.66

    +1.02%

  • CMSC

    -0.3500

    21.8

    -1.61%

  • AZN

    1.4200

    66.29

    +2.14%

  • RELX

    0.1000

    49.12

    +0.2%

  • CMSD

    -0.3000

    21.9

    -1.37%

  • VOD

    0.2800

    8.73

    +3.21%

  • BTI

    1.0200

    41.57

    +2.45%

  • RYCEF

    -0.0100

    9.12

    -0.11%

  • BP

    0.3600

    26.59

    +1.35%

Italy again fails to elect president as parties buy time
Italy again fails to elect president as parties buy time

Italy again fails to elect president as parties buy time

The fourth round of Italy's presidential elections flopped before it began Thursday, with parties unwilling to risk a crisis by picking Prime Minister Mario Draghi, but unable to agree on an alternative candidate.

Text size:

The right-wing bloc abstained and the centre-left cast blank ballots in the parliamentary vote, prolonging the uncertainty over the leadership of the eurozone's third-largest economy.

The largest number of votes -- over 160 -- went to outgoing President Sergio Mattarella, 80, who has repeatedly said he will not serve another term.

Behind him, with 56 votes, was anti-mafia magistrate Nino Di Matteo, who lives under police protection.

After four days of voting, Italians had hoped for a breakthrough Thursday when the threshold for victory fell from a two-thirds majority of the electoral college to an absolute majority.

Leaders suggested a deal might be found by a fifth round on Friday.

Draghi, a former European Central Bank chief who has led Italy's national unity government since February 2021, was the frontrunner going into the contest.

But concerns his departure would destabilise the coalition, threatening a tight reform programme on which EU recovery funds depend as well as risking snap elections, have persisted over days of intensive backroom talks.

- Increasingly 'fraught' -

Matteo Salvini of the anti-immigration League party, part of the right-wing bloc, insisted on Thursday that Draghi was "precious there, where he is now".

"The presidential race remains wide and unpredictable," with Draghi's candidacy "getting more fraught" by the day, said Wolfango Piccoli of the London-based political risk consultancy Teneo.

The president is a ceremonial figure, but wields great power during political crises -- frequent events in Italy, which has had dozens of different governments since World War II.

Without formal agreement between the parties, lawmakers are effectively refusing to vote -- in each round so far, most ballots have been left blank.

Meanwhile, the list of potential alternatives to Draghi changes daily, from ex-premiers to judges and even Italy's spy chief, Elisabetta Belloni.

Former Chamber of Deputies speaker Pier Ferdinando Casini and Senate speaker Elisabetta Casellati -- who would be the first female president -- are considered to be in with a chance.

- 'Divided' -

Draghi has led a remarkably united government for the past 11 months, overseeing the economic recovery after a punishing pandemic-induced recession.

Many want him to stay to oversee major reforms to the tax and justice systems and public administration demanded in exchange for almost 200 billion euros ($225 billion) worth of funds from the EU's post-virus recovery scheme.

But with parties already campaigning for the 2023 general election, many analysts believe he will find it increasingly difficult to get things done.

Former senate speaker Renato Schifani said it was "the first time I've seen parliament so divided".

Some even raised the possibility that Draghi could tire of the politics and resign as premier.

The electoral college is made up of more than 1,000 senators, MPs and regional representatives.

H.Yousef--DT