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Talks on Comeback for Italy s Conte Near Collapse, Official Says

Italy Talks on Return for Conte Near Collapse, Officials Say Bloomberg 2/2/2021 John Follain and Chiara Albanese © Bloomberg Giuseppe Conte, Italy s prime minister, delivers his annual address at Villa Madama in Rome, Italy, on Wednesday, Dec. 30, 2020. The coronavirus crisis has provided a window of opportunity for state intervention, generating the urge to restructure a battered economy. (Bloomberg) Talks aimed at patching Giuseppe Conte’s fractured Italian coalition back together appeared near collapse on Tuesday, after a junior ally refused to support the comeback attempt, according to officials who asked not to be named discussing confidential deliberations. Roberto Fico, speaker of the lower house of parliament, was meeging with President Sergio Mattarella Tuesday evening after being asked last Friday to evaluate whether the outgoing coalition could strike a deal on a Conte comeback.

Italy s President to Pick Premier to Prevent Early Elections

Former ECB Chief Mario Draghi Tapped to Lead Italy Out of Its Crisis Bloomberg 2/3/2021 John Follain and Chiara Albanese © Bloomberg Mario Draghi, president of the European Central Bank (ECB), pauses during a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2019. (Bloomberg) Former European Central Bank President Mario Draghi has been tapped to become Italy’s next prime minister with a broad mandate to try and steer the virus-battered country out of its worst recession since the end of World War II. President Sergio Mattarella will meet Draghi at midday on Wednesday after two rounds of talks failed to seal a deal among parties for a new government led by Giuseppe Conte, who had hoped to return to lead his third administration. Instead, the president is poised to formally ask Draghi to try to form a government.

Italy Talks on Return for Conte Near Collapse, Officials Say

Italy Talks on Return for Conte Near Collapse, Officials Say Bloomberg 2/2/2021 John Follain and Chiara Albanese © Bloomberg Giuseppe Conte, Italy s prime minister, delivers his annual address at Villa Madama in Rome, Italy, on Wednesday, Dec. 30, 2020. The coronavirus crisis has provided a window of opportunity for state intervention, generating the urge to restructure a battered economy. (Bloomberg) Talks aimed at patching Giuseppe Conte’s fractured Italian coalition back together appeared near collapse on Tuesday, after a junior ally refused to support the comeback attempt, according to officials who asked not to be named discussing confidential deliberations. Roberto Fico, speaker of the lower house of parliament, was meeging with President Sergio Mattarella Tuesday evening after being asked last Friday to evaluate whether the outgoing coalition could strike a deal on a Conte comeback.

Italy s President Summons Draghi as Likely Premier-Designate

Former ECB Chief Mario Draghi Tapped to Lead Italy Out of Its Crisis Bloomberg 2/3/2021 John Follain and Chiara Albanese © Bloomberg Mario Draghi, president of the European Central Bank (ECB), pauses during a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2019. (Bloomberg) Former European Central Bank President Mario Draghi has been tapped to become Italy’s next prime minister with a broad mandate to try and steer the virus-battered country out of its worst recession since the end of World War II. President Sergio Mattarella will meet Draghi at midday on Wednesday after two rounds of talks failed to seal a deal among parties for a new government led by Giuseppe Conte, who had hoped to return to lead his third administration. Instead, the president is poised to formally ask Draghi to try to form a government.

Italy s Embattled Conte Readies $39 Billion in New Stimulus

(Bloomberg) Italian Prime Minister Giuseppe Conte on Wednesday won lawmakers’ backing for 32 billion euros ($39 billion) of extra spending as he tries to consolidate support for what’s now a minority government. In separate votes, the two houses of parliament approved a government request to widen the country’s deficit, allowing the government to raise fresh funds to fight the pandemic and refund businesses hurt by virus restrictions. Conte.

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