The China Mail - Italy parliament meets in step towards new government

USD -
AED 3.672502
AFN 64.497487
ALL 81.118144
AMD 360.743464
ANG 1.789785
AOA 916.999741
ARS 1535.980903
AUD 1.425405
AWG 1.8025
AZN 1.703992
BAM 1.747272
BBD 2.014223
BDT 123.910645
BGN 1.747831
BHD 0.37736
BIF 2992.616283
BMD 1
BND 1.28047
BOB 11.855935
BRL 5.294752
BSD 1.000054
BTN 95.138718
BWP 13.795445
BYN 2.941694
BYR 19600
BZD 2.011337
CAD 1.404645
CDF 2315.999808
CHF 0.827275
CLF 0.0251
CLP 991.069996
CNY 6.678051
CNH 6.668925
COP 3172.18
CRC 455.262182
CUC 1
CUP 24.001537
CVE 98.508503
CZK 21.7763
DJF 178.084701
DKK 6.684396
DOP 61.205437
DZD 135.109199
EGP 56.178695
ERN 15
ETB 163.804155
EUR 0.89426
FJD 2.235702
FKP 0.747708
GBP 0.749485
GEL 2.58939
GGP 0.747708
GHS 11.625445
GIP 0.747708
GMD 73.999859
GNF 8850.751336
GTQ 7.644581
GYD 209.560055
HKD 7.844915
HNL 26.849631
HRK 6.737901
HTG 130.986148
HUF 328.241494
IDR 18153
ILS 3.082345
IMP 0.747708
INR 95.10945
IQD 1515.082481
IRR 1832374.999796
ISK 121.898506
JEP 0.747708
JMD 158.771424
JOD 0.708944
JPY 157.532504
KES 129.850201
KGS 87.449716
KHR 4077.348116
KMF 439.501638
KPW 899.999961
KRW 1327.600285
KWD 0.31077
KYD 0.833426
KZT 450.973998
LAK 22507.604826
LBP 89554.609574
LKR 332.292546
LRD 170.008621
LSL 16.631453
LTL 2.95274
LVL 0.60489
LYD 6.412679
MAD 9.823022
MDL 17.971064
MGA 4541.901363
MKD 54.964674
MMK 2099.851486
MNT 3598.994658
MOP 8.08144
MRU 40.21459
MUR 47.130244
MVR 15.460227
MWK 1734.123669
MXN 18.58152
MYR 4.085701
MZN 63.898588
NAD 16.631602
NGN 1345.450391
NIO 36.798306
NOK 9.328385
NPR 152.221592
NZD 1.761045
OMR 0.384484
PAB 1.00004
PEN 3.44761
PGK 4.549069
PHP 63.908041
PKR 276.741666
PLN 3.937988
PYG 5764.978626
QAR 3.655709
RON 4.783021
RSD 105.081011
RUB 80.799621
RWF 1478.619383
SAR 3.744737
SBD 8.07458
SCR 13.787614
SDG 601.497294
SEK 9.95315
SGD 1.280975
SHP 0.7473
SLE 22.949754
SLL 20969.504398
SOS 571.489831
SRD 37.691957
STD 20697.981008
STN 21.887898
SVC 8.750692
SYP 13001.999685
SZL 16.625646
THB 33.782988
TJS 9.225574
TMT 3.51
TND 2.987372
TOP 2.40776
TRY 49.7622
TTD 6.796771
TWD 32.588977
TZS 2645.019851
UAH 45.657837
UGX 4480.338773
UYU 40.103811
UZS 11968.60664
VES 879.788904
VND 25842.5
VUV 118.791596
WST 2.767791
XAF 586.595955
XAG 0.018446
XAU 0.000248546932
XCD 2.70255
XCG 1.802377
XDR 0.707052
XOF 586.595955
XPF 106.5435
YER 236.102833
ZAR 16.635699
ZMK 9001.201541
ZMW 20.135703
ZWL 321.999592
SSP 5745.299755
MXV 2.096381
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Italy parliament meets in step towards new government
Italy parliament meets in step towards new government / Photo: © AFP

Italy parliament meets in step towards new government

Italy's parliament meets for the first time Thursday since the far-right won elections last month, a key step in the process of forming a government.

Text size:

Giorgia Meloni's Brothers of Italy party, which has neo-fascist roots, secured a historic 26 percent of the vote in September 25 polls.

But she can only form a government with her fractious allies, Matteo Salvini, head of the far-right League, and Silvio Berlusconi, founder of right-wing Forza Italia.

The three leaders have been tussling over the formation of a cabinet able to manage the myriad of challenges facing the eurozone's third-largest economy, notably soaring inflation and an energy crisis linked to the war in Ukraine.

"We cannot waste any time, the situation in Italy is not easy," Meloni said Wednesday ahead of talks with Salvini and Berlusconi, whose parties secured nine and eight percent of the vote respectively.

Members of the Senate and lower house will Thursday begin voting for new speakers, a process likely involving several rounds, potentially lasting into Friday.

The speakers will then take part in discussions with President Sergio Mattarella on who should lead the next government.

- 'High tension' -

The secret ballots were a "first test" in an atmosphere of "high tension" between the allied leaders, the Corriere della Sera newspaper said Thursday.

Whether or not Meloni, Salvini and Berlusconi's parties voted in concert "will be indicative of their compactness", it said.

The Stampa daily said the right was in "chaos", while the Repubblica warned the three leaders were "unprepared" for government.

Meloni will almost certainly be nominated prime minister -- the first woman to take the job in Italy -- but must agree with her allies on ministerial appointments and a programme for government before Mattarella confirms the position.

Meloni has said little in public since her election win, although she has taken to social media to dismiss media speculation about her ministerial picks.

Brothers of Italy has no experience of government -- it won just four percent of the vote in 2018 general elections -- but she has sought to reassure investors she can handle the pressure.

No firm name has yet to emerge for finance minister, the most important government post after prime minister as debt-laden Italy grapples with sky-high prices weighing heavily on households and businesses.

Italy has also been racing to reduce its dependence on gas from Russia, which the West has accused of deliberately shutting off supplies as part of the stand-off over the war in Ukraine.

The International Monetary Fund this week predicted the pressures would push Italy into recession next year, alongside Germany.

V.Fan--ThChM