Mario Draghi resigns: “The pact of trust has failed”

The chairman of the board Mario Draghi he resigned. He communicated it to the Council of Ministers. In the evening the return to the Quirinale, where he has already been an hour in the afternoon, after having obtained the confidence in the Senate on aid, but with the exit from the 5 Star Movement classroom. On Wednesday Draghi will make a communication to the Chambers on the developments and consequences of the crisis. Today the Milan stock exchange closed down, the worst in Europe with -3.4%.

This is the text of the communication made by Draghi to the Council of Ministers: «I want to announce that tonight I will resign my resignation in the hands of the President of the Republic. Today’s votes in Parliament are very significant from a political point of view“.

Mario Draghi’s is an attack as well as an observation. “The majority of national unity that has supported this government since its creation is gone. The pact of trust underlying the government action has failed. In recent days on my part there has been the utmost commitment to continue on the common path, also trying to meet the needs that have been advanced to me by the political forces. As is evident from today’s debate and vote in Parliament, this effort was not enough ».

“Since my inauguration speech in Parliament I have always said that this executive would only go ahead if it had been there the clear prospect of being able to carry out the government program on which the political forces had voted their trust. This compactness was fundamental to face the challenges of these months. These conditions no longer exist. I thank you for your work, the many results achieved. We must be proud of what we have achieved, in a very difficult moment, in the interest of all Italians ».

Draghi had had an hour of conversation with the President of the Republic, Sergio Mattarella, at the Quirinale. In the classroom at Palazzo Madama il M5S did not participate in the vote. However, the Senate confirmed confidence in the executive with 172 yes and 39 against. There is no longer a majority even if there are numbers in Parliament.

The resignation of the Premier may lead to new elections. This asks Brothers of Italy, for Giorgia Meloni this term is over.

Draghi has said several times that it is not possible for him to continue without the support of the M5s. We would vote between September and October. If instead a new government were formed with a new majority, Economy Minister Daniele Franco would be chosen to complete the important issues: budget law and pnrr. We would then vote in February. The return of Draghi with a new confidence is difficult, as hoped for by Italia Viva.

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