Dubai Telegraph - Italy speeds up presidential vote but deadlock persists

EUR -
AED 4.190388
AFN 75.874588
ALL 93.859535
AMD 416.274986
AOA 1046.314438
ARS 1707.327971
AUD 1.629329
AWG 2.053834
AZN 1.939027
BAM 1.957093
BBD 2.294185
BDT 140.502814
BHD 0.429572
BIF 3402.828576
BMD 1.141019
BND 1.470307
BOB 12.649356
BRL 5.803332
BSD 1.139022
BTN 109.934658
BWP 15.73398
BYN 3.267158
BYR 22363.967361
BZD 2.290883
CAD 1.607753
CDF 2578.702671
CHF 0.929639
CLF 0.027497
CLP 1082.199536
CNY 7.727091
CNH 7.723174
COP 3672.539977
CRC 518.328774
CUC 1.141019
CUP 30.236997
CVE 110.33692
CZK 24.121597
DJF 202.831321
DKK 7.475658
DOP 66.332074
DZD 152.143502
EGP 58.58253
ERN 17.115281
ETB 183.844212
FJD 2.539622
FKP 0.856448
GBP 0.854343
GEL 2.995211
GGP 0.856448
GHS 13.246634
GIP 0.856448
GMD 84.435768
GNF 9993.119638
GTQ 8.68974
GYD 238.305333
HKD 8.948217
HNL 30.508351
HRK 7.537336
HTG 148.92185
HUF 359.345579
IDR 20526.470778
ILS 3.465964
IMP 0.856448
INR 109.775356
IQD 1492.18572
IRR 1568900.771986
ISK 143.003514
JEP 0.856448
JMD 180.664595
JOD 0.809005
JPY 186.64271
KES 147.757141
KGS 99.781676
KHR 4605.840731
KMF 495.202064
KRW 1672.362654
KWD 0.35383
KYD 0.949227
KZT 541.587766
LAK 25792.037903
LBP 102002.181385
LKR 382.782862
LRD 206.164383
LSL 19.239009
LTL 3.369131
LVL 0.690191
LYD 7.288719
MAD 10.666953
MDL 20.132299
MGA 5047.201417
MKD 61.593826
MMK 2396.138529
MNT 4100.817242
MOP 9.200778
MRU 45.460836
MUR 54.015819
MVR 17.629454
MWK 1975.052767
MXN 19.885281
MYR 4.66163
MZN 72.911668
NAD 19.239009
NGN 1557.102301
NIO 41.915669
NOK 10.9236
NPR 175.892568
NZD 1.96678
OMR 0.438645
PAB 1.139052
PEN 3.876361
PGK 5.09512
PHP 70.436793
PKR 316.391986
PLN 4.311306
PYG 6886.458579
QAR 4.140935
RON 5.229742
RSD 117.387948
RUB 88.770502
RWF 1678.364579
SAR 4.276069
SBD 9.220692
SCR 15.363408
SDG 685.184361
SEK 11.029983
SGD 1.471341
SLE 27.641148
SOS 650.912871
SRD 43.121954
STD 23616.784271
STN 24.515013
SVC 9.966584
SZL 19.236201
THB 38.258539
TJS 10.507649
TMT 3.993566
TND 3.37623
TRY 54.037049
TTD 7.739112
TWD 36.90454
TZS 3006.582083
UAH 51.045778
UGX 4293.798799
USD 1.141019
UYU 45.739814
UZS 13785.106271
VES 845.838791
VND 30025.90822
VUV 135.408239
WST 3.145013
XAF 656.373335
XAG 0.019205
XAU 0.000279
XCD 3.08366
XCG 2.052856
XDR 0.816318
XOF 656.381969
XPF 119.331742
YER 272.189869
ZAR 19.051167
ZMK 10270.53691
ZMW 21.100661
ZWL 367.40757
  • CMSC

    -0.0650

    21.725

    -0.3%

  • BCC

    1.3800

    77.84

    +1.77%

  • BCE

    0.0900

    21.3

    +0.42%

  • BTI

    1.1200

    60.96

    +1.84%

  • GSK

    0.6100

    51.35

    +1.19%

  • RBGPF

    -0.7300

    66

    -1.11%

  • RIO

    -0.2900

    91.22

    -0.32%

  • NGG

    -0.0700

    82.3

    -0.09%

  • BP

    -0.1100

    43.82

    -0.25%

  • JRI

    0.1600

    13.06

    +1.23%

  • CMSD

    -0.0200

    21.98

    -0.09%

  • VOD

    -0.1000

    15.15

    -0.66%

  • AZN

    0.9900

    169.26

    +0.58%

  • RYCEF

    -0.1900

    18.17

    -1.05%

  • RELX

    1.5500

    34.41

    +4.5%

Italy speeds up presidential vote but deadlock persists
Italy speeds up presidential vote but deadlock persists

Italy speeds up presidential vote but deadlock persists

Italy on Friday sought to accelerate the process of electing a new president after days of deadlock that has paralysed Prime Minister Mario Draghi's government, but parliament remained bitterly divided.

Text size:

Four rounds of voting since Monday have failed to produce anything close to a winner, with most lawmakers casting blank ballots or abstaining due to a lack of agreement between the parties.

The fifth round went ahead as planned at 11:00 am (1000 GMT), but political leaders agreed to add another at 5:00 pm, and thereafter two a day for as long as needed.

Due to coronavirus restrictions, parliament had initially scheduled only one round of voting per day.

The presidential vote -- which with its secret ballots and back-room deals is often compared to a papal conclave -- risks deepening fractures within the national unity government that has led the eurozone's third-largest economy with remarkable unity for 11 months.

On Friday, the right-wing bloc in parliament, including Matteo Salvini's League party and Silvio Berlusconi's Forza Italia, finally put forward a candidate, Senate president Elisabetta Casellati.

But as a Berlusconi loyalist known for her opposition to abortion and same-sex unions, she is controversial and unlikely to secure the required majority of votes.

Former premier Berlusconi, who abandoned his own unlikely candidacy at the weekend but has since been in hospital, ostensibly for checks, vouched for her "absolute suitability".

"I appeal to parliamentarians on all sides to ask them to support Casellati," the 85-year-old said in a statement.

But the so-called centre-left bloc, including the Democratic Party and the populist Five Star Movement, decried a "serious error" of choice and boycotted the morning vote.

"The solution is an impartial name we all agree on," Five Star leader and former premier Giuseppe Conte told reporters.

- Draghi benefits? -

Draghi, a former European Central Bank chief brought in to lead the government almost a year ago, remains in the running to be elected the new head of state.

There is widespread concern his departure as prime minister could destabilise the government at a critical time and even spark snap elections -- which few parties want.

But "as the stalemate continues and the political backdrop becomes more toxic, the main beneficiary could end up being either Mario Draghi or (outgoing) President Sergio Mattarella", noted Wolfango Piccoli of the Teneo consultancy.

Mattarella, 80, secured the largest number of votes in Thursday's round of voting, despite repeatedly saying he will not renew his seven-year term.

Debt-laden Italy is recovering from a 2020 pandemic-induced recession but is banking on almost 200 billion euros ($222 billion) in EU funds to cement the trend.

This money is in turn dependent on a tight timetable of reforms -- notably to the tax and justice systems, and public administration -- that many fear will be derailed without Draghi's hand on the tiller.

However, there are fears that the fractures in the coalition caused by the presidential vote -- already showing as parties gear up for elections in 2023 -- will prove irreparable.

The president is a ceremonial figure but wields great power during political crises -- frequent events in Italy, which has had dozens of different governments since World War II.

The vote for the presidency is carried out in parliament among more than 1,000 MPs, senators and regional representatives.

C.Masood--DT