Draghi and Berlusconi mingle as Italy elects new president

ROME (AFP) – Italy’s parliament begins voting for a new president on Monday (24 January), with Prime Minister Mario Draghi tipped for the election in a high-stakes version of musical chairs that threatens the government’s survival.

As behind-the-scenes negotiations came to a head this week, the most brash campaigner was billionaire Silvio Berlusconi, whose charm offensive included bragging about his steamy “bunga bunga” parties.

The 85-year-old former prime minister has long coveted Italy’s top job, even promising his late mother he would get it, though few believe he has the necessary votes.

It is notoriously difficult to predict who will win the secret ballot for the seven-year post.

Although a largely ceremonial role, the president wields considerable power in times of political crisis, from dissolving parliament to selecting new prime ministers and denying tenures to fragile coalitions.

Italy needs a stabilizing figurehead more than ever: the disparate power-sharing parties in Mr Draghi’s government are already in battle mode ahead of next year’s election, and chaos could set in Europe’s precious recovery funds are in jeopardy.

“This is a key and very complicated election, because the political parties are weak, they are in a completely fragmented state,” Professor Giovanni Orsina, director of the Luiss School of Government in Rome, told AFP. .

“Like an earthquake”

The main newspaper Corriere della Sera warned on Thursday that the vote could “hit the government like an earthquake” as Italy battles a new wave of coronavirus infections that risks disrupting the recovery from the recession induced by the 2020 lockdown.

Just over 1,000 senators, deputies and regional representatives will begin voting on Monday, and candidates must obtain either two-thirds of the vote in the first three rounds or an absolute majority thereafter.

Due to social distancing requirements, each round will take one day and, as is tradition, there are no official contestants.

Former European Central Bank President Draghi, 74, has hinted he is interested, but his elevation to Rome’s Quirinal Palace – once the residence of popes – would mean leaving his post vacant at a delicate time.

Introduced by incumbent President Sergio Mattarella in February 2021, Mr Draghi has led a remarkably united government – ​​including almost all of Italy’s political parties – and has spurred post-pandemic growth.

He also oversaw key reforms demanded in exchange for funds from the EU’s post-pandemic recovery program, of which Rome is the main beneficiary, to the tune of almost 200 billion euros (305 billion Singapore dollars).

International investors fear that debt-ridden Italy could fall behind on the tight reform timetable if Mr Draghi resigns as prime minister.

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