EsquireDaily
News World

As Italy Struggles Against Covid And Recession, Its Government Falls

blank

ROME—Italian Prime Minister Giuseppe Conte is set to resign on Tuesday, his office said, as Europe’s underlying problems of economic stagnation and political fragmentation start to reassert themselves amid the gruelling pandemic.

The fall of Italy’s government, in office for just 17 months, is a symptom of the continuing fissures in Italian and European politics. Established and insurgent parties are struggling over Europe’s future, stable majorities are often elusive and leaders are searching for ways to overcome long-term economic underperformance—nowhere more so than in Italy.

Rome’s latest political breakdown is likely to cause concern in the capitals of Europe’s stronger economies, such as Germany, which last year agreed to underwrite a massive European Union investment plan for economic recovery from the coronavirus.

Italy, due to receive more than €200 billion in EU funds, the equivalent of about $243 billion, is the plan’s biggest beneficiary. But Italian leaders’ inability to agree on a coherent economic strategy reduces the chances that the EU’s third-biggest economy will use the funds effectively.

At stake is not just Italy’s chances of escaping from its long economic decline, and of stabilizing its sky-high national debt, but also the political trust between northern and southern Europe that the euro needs for its long-term viability.

Related posts

Justice Department Carries Out 10th Execution This Year

Ray Morrison

How Congress Could Impeach Trump Before His Term Ends

Ray Morrison

Petitions of the week: The public-charge rule, Boston Marathon bombing and more

Ray Morrison

Argument analysis: Justices struggle to define boundaries of Anti-Injunction Act

Ray Morrison

Opioid Deaths in Canada Were Falling, Then Came Coronavirus

David Appleton

In Ascendant Night for Congressional Republicans, Women Led the Way

Ray Morrison

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy