Italian Prime Minister Mario Draghi announced that he would resign from his post after a political party in his ruling coalition refused to participate in a confidence vote.
“I will tender my resignation to the president of the republic this evening,” Draghi told the Cabinet on Thursday. “The national unity coalition that backed this government no longer exists."
Draghi survived a no-confidence vote in the Italian Senate Thursday, yet his government's future was thrown into question due to a boycott of the vote by the populist Five Star Movement (5SM), a key coalition ally.
The movement opposed a new decree aimed at lowering inflation and battling rising energy costs. Nevertheless, analysts asserted that the opposition to this policy package is not so much ideological but a result of internal party disputes.
“The move by the M5S was largely triggered by turmoil prevailing within the ailing party rather than by meaningful policy differences with the executive,” Wolfango Piccoli, co-president of the consultancy firm Teneo, said in a note Thursday.
Meanwhile, Italy is due to have new parliamentary elections before June 2023, but the latest uncertainty in Rome could bring that forward.
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