The Fort Worth Press - Italy's new PM Meloni sets out programme to parliament

USD -
AED 3.673034
AFN 67.876211
ALL 92.860855
AMD 395.275219
ANG 1.798819
AOA 912.999511
ARS 1007.366084
AUD 1.53485
AWG 1.8025
AZN 1.70065
BAM 1.848146
BBD 2.015308
BDT 119.272384
BGN 1.848146
BHD 0.376282
BIF 2948.830617
BMD 1
BND 1.337113
BOB 6.897236
BRL 5.97435
BSD 0.998157
BTN 84.42523
BWP 13.579967
BYN 3.26643
BYR 19600
BZD 2.011906
CAD 1.399802
CDF 2870.99976
CHF 0.880864
CLF 0.035305
CLP 974.183794
CNY 7.2417
CNH 7.24993
COP 4375.242145
CRC 507.25254
CUC 1
CUP 26.5
CVE 104.195606
CZK 23.87201
DJF 177.73683
DKK 7.051495
DOP 60.269313
DZD 133.313489
EGP 49.560699
ERN 15
ETB 126.152705
EUR 0.94525
FJD 2.26405
FKP 0.789317
GBP 0.785136
GEL 2.815045
GGP 0.789317
GHS 15.321521
GIP 0.789317
GMD 71.000006
GNF 8602.882117
GTQ 7.701394
GYD 208.825892
HKD 7.78168
HNL 25.253012
HRK 7.133259
HTG 130.829199
HUF 390.882502
IDR 15836
ILS 3.631369
IMP 0.789317
INR 84.5645
IQD 1307.536026
IRR 42087.502768
ISK 137.379711
JEP 0.789317
JMD 157.259627
JOD 0.7091
JPY 149.769587
KES 129.50626
KGS 86.798825
KHR 4022.678951
KMF 466.950123
KPW 899.999621
KRW 1395.515015
KWD 0.30742
KYD 0.831751
KZT 515.728798
LAK 21905.976849
LBP 89381.809591
LKR 290.101583
LRD 179.163714
LSL 18.000472
LTL 2.95274
LVL 0.60489
LYD 4.884479
MAD 9.985731
MDL 18.266005
MGA 4682.258446
MKD 58.143161
MMK 3247.960992
MNT 3397.999946
MOP 8.002362
MRU 39.814789
MUR 46.449641
MVR 15.460201
MWK 1730.781951
MXN 20.37173
MYR 4.444988
MZN 63.910155
NAD 18.000472
NGN 1683.949723
NIO 36.730451
NOK 11.046101
NPR 135.080558
NZD 1.688163
OMR 0.384871
PAB 0.998157
PEN 3.738436
PGK 4.026459
PHP 58.601498
PKR 277.527805
PLN 4.062755
PYG 7794.944484
QAR 3.638271
RON 4.71208
RSD 110.518309
RUB 107.038262
RWF 1376.328845
SAR 3.75696
SBD 8.376531
SCR 14.269772
SDG 601.509811
SEK 10.900075
SGD 1.339497
SHP 0.789317
SLE 22.749708
SLL 20969.504736
SOS 570.470116
SRD 35.357375
STD 20697.981008
SVC 8.733286
SYP 2512.529858
SZL 18.008977
THB 34.31099
TJS 10.879565
TMT 3.5
TND 3.138483
TOP 2.342098
TRY 34.728155
TTD 6.763052
TWD 32.453987
TZS 2635.010631
UAH 41.515521
UGX 3683.439641
UYU 42.759272
UZS 12827.781715
VES 47.548059
VND 25346.5
VUV 118.722009
WST 2.791591
XAF 619.850697
XAG 0.032661
XAU 0.000377
XCD 2.70255
XDR 0.763525
XOF 619.850697
XPF 112.695488
YER 250.401852
ZAR 18.10216
ZMK 9001.202735
ZMW 26.874557
ZWL 321.999592
  • CMSC

    0.0200

    24.54

    +0.08%

  • CMSD

    -0.0400

    24.32

    -0.16%

  • BCC

    1.2000

    147.6

    +0.81%

  • SCS

    0.0000

    13.47

    0%

  • BCE

    0.0100

    27.03

    +0.04%

  • NGG

    0.3500

    63.68

    +0.55%

  • RIO

    0.5200

    62.84

    +0.83%

  • GSK

    -0.2000

    34.13

    -0.59%

  • RBGPF

    62.0000

    62

    +100%

  • BTI

    0.0000

    37.94

    0%

  • JRI

    0.2000

    13.61

    +1.47%

  • AZN

    0.4200

    67.62

    +0.62%

  • BP

    0.1800

    29.31

    +0.61%

  • VOD

    0.0000

    8.97

    0%

  • RELX

    0.0300

    47.08

    +0.06%

  • RYCEF

    -0.0300

    7.1

    -0.42%

Italy's new PM Meloni sets out programme to parliament
Italy's new PM Meloni sets out programme to parliament / Photo: © AFP

Italy's new PM Meloni sets out programme to parliament

Giorgia Meloni will address Italy's parliament for the first time as prime minister on Tuesday, setting out her plan for government one month after her far-right party's historic election victory.

Text size:

The 45-year-old, who was sworn in as Italy's first woman premier on Saturday, is expected to outline her approach to challenges including soaring inflation, an energy crisis and looming risk of recession in the eurozone's third-largest economy.

Meloni will present "a programmatic manifesto", according to government sources, aiming to implement "the commitments undertaken with Italian citizens in the election campaign".

The lower house of parliament and the Senate will then each hold a vote of confidence in Meloni's government, the most right-wing in Rome since World War II.

The votes, likely on Tuesday evening and Wednesday morning, are largely procedural, as her coalition has a comfortable majority in parliament.

Meloni's post-fascist Brothers of Italy party won a historic 26 percent of the vote in September 25 elections, with a promise to defend Italy's borders, traditional values and national interests abroad.

She has formed a government with Matteo Salvini's far-right, anti-immigration League party and former premier Silvio Berlusconi's right-wing Forza Italia, which won nine and eight percent, respectively.

The prospect of a Eurosceptic, populist government in Italy, a NATO member and a founding nation of the European Union, has sparked concern among Rome's allies.

But despite her party's roots in Italy's neo-fascist movement, Meloni is expected to follow a similar economic policy to outgoing premier Mario Draghi, at least initially.

She named as economy minister Giancarlo Giorgetti, a relatively moderate member of the League who was economic development minister under Draghi.

Roberto Cingolani, who served as energy minister in the last government, will also stay on as an adviser, helping to keep the lights on as Italy tries to wean itself off Russian gas in the wake of the war in Ukraine.

"On economic policies, there is general popular support for what Draghi was doing," Gilles Moec, chief economist at the AXA group, told AFP.

Italy's economy bounced back from a deep recession sparked by coronavirus lockdowns in 2020, but is still struggling with mammoth debt worth 150 percent of gross domestic product.

And the fall-out of the Ukraine war risks causing a fresh contraction next year, according to the International Monetary Fund.

Key to Italy's future growth is almost 200 billion euros in grants and loans from the European Union's post-pandemic recovery fund.

But the money is dependent on Rome implementing major reforms, from criminal justice to public administration, by 2026.

Meloni's coalition said before the election that it wants to review the EU plan but has given no detail.

Analysts say there is little room for manoeuvre, with the funds already being disbursed and Brussels unwilling to re-open negotiations.

T.Mason--TFWP