Prime Minister Mario Draghi has said now is not the time for political uncertainty within the eurozone's third largest economy, amid a myriad of domestic and geopolitical challenges.
Though Draghi’s government won a confidence vote in the Senate on a relief bill to help Italians facing soaring energy costs, 5-Star senators were absent, raising the spectre of a snap general election.
Italy's government approved a capital injection, up to $992 million, to rescue the ailing cooperative bank Popolare di Bari on Sunday.
The deal between populist 5-Star Movement and centre-left Democratic Party, two historic enemies, is set to bring to an end what Italian newspapers have dubbed “the craziest crisis ever”.
President Sergio Mattarella seeks swift end to weeks of political turmoil while Democratic Party raises bar for coalition deal with 5-Star.
Announcing his resignation, Italian Prime Minister Giuseppe Conte made a blistering attack on his own interior minister, Matteo Salvini, accusing him of sinking the ruling coalition and endangering the economy for personal and political gain.
Italy's Interior Minister Matteo Salvini has appeared to buckle under pressure to ease the political standoff over a migrant rescue ship, saying he would allow minors to disembark after being at sea for two weeks.
France's decision comes amid mounting tensions between the two country's after Italy's deputy prime minister met with French 'yellow vest' protesters and a string of critical Italian comments toward French government.
The struggle for power between Italy and the EU is much more than just the budget; it's about who rules Italy.
Italy sets a 2.4 percent deficit of GDP target for 2019-21 despite the country’s economy minister hoping to keep the deficit below 2 percent in accordance with EU demands to rein in its high debt.
Leaders from Italy's biggest populist parties have agreed on a power-sharing deal, after an inconclusive election in March lead to political deadlock.
With 37 percent of the vote, the centre-right alliance comprises the anti-immigrant and eurosceptic Lega party led by Matteo Salvini, while the populist Five Star Movement made the largest gains as a single party.
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