Giorgia Meloni won a clear majority in the Italian election on Sunday, regulating herself to become the first female prime minister in the country in the head of the right -wing government since World War II.The alliance, who also included the Matteo Salvini League and Forza Italy from Silvio Berlusconi, claimed around 43% of the votes, according to projections for Rai, public announcers. It will provide a block of at least 114 seats in the senate, of which 104 votes are needed for the majority.
Meloni emerged from the political outskirts after leading the opposition to the technocratic government Mario Draghi who stabilized the country for the past 18 months after the trauma of Pandemic. But the 45 -year -old charismatic has a little experience governing and he will serve at a dangerous time for his country.
The next Italian government will face a series of overlapping crises due to lack of energy triggered by the Russian invasion of inflation that is rampant in Ukraine fuel and damage growth. Punch to Italian finances and the prospect of more interest rate increases from the European central bank has encouraged results on the 10 -year Italian bonds to more than 4.3% compared to less than 1% in December.
We haven’t arrived yet,” Meloni told supporters at small Monday hours in a conscious speech at a hotel in the center of Rome. “This is the starting point. And tomorrow we must show what we appreciate. “Traders ignore the results of Asian hours, with attention focused on the reduction of pounds. Sterling fell by 3.7% against Euro, its largest intraday decline in a single currency since the time of Brexit’s voting in 2016.
After the final results enter, the next step in the constitutional process will make President Sergio Mattarella consult with the previous party leaders, almost certainly, nominating Meloni to form the next government. The process was still able to last week. The new parliament, which has been stated to 200 senators and 400 members of the Low Council Parliament, will meet for the first time on October 13.
Meloni cut off his teeth in politics as a right-wing activist in the 1990s and his campaign was still marked by a fiery attack on the European Union, immigrants and LGBTQ groups. But he has also tried to convince voters and investors that he will control the Italian giant debt and will not question the State Foreign Alliance or support for Ukraine.
The question is whether they will deviate from the draghi reform plan, which will have an impact on whether the money will continue to flow from the EU,” said Geoffrey Yu, a senior FX strategy at Bank New York Mellon in London.
Meloni might have a strong hand in government because he wants to reverse some of the reforms that Draghi introduced in an effort to increase growth. Looking for a significant revision can endanger the expenditure plan for around 200 billion euros ($ 198 billion) Pandemic recovery funds from the European Union.
Draghi has spent about 66 billion euros to help families and businesses but has rejecting political pressure to expand the budget deficit. That could be one of the first dilemma owned by the Government of Meloni to wrestle. The right -wing block also opposes the reform of the outdated tax system and freeing competition, the two main reforms promised by Draghi to meet the requirements for European Union funds.
The results marked the rise of meteorics for the Meloni group, The Brothers of Italy. The party claims more than 25% of the votes, compared to 4% in the last election in 2018.
Democratic Party Enrico Letta, Meloni’s main opponent in the campaign, ranked second with 19% of the votes and was determined to lead the opposition. The Giuseppe Conte’s anti -establishment five -star movement registered a late surge to claim around 16% and is likely to be another important force in the opposition.
When he looked forward to the potential for the end of next month, Meloni will watch the Salvini coalition, whose party is performing bad with ABO
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