The Fort Worth Press - Italy's President Mattarella re-elected, easing crisis

USD -
AED 3.672504
AFN 64.000368
ALL 80.660025
AMD 364.155001
ANG 1.790365
AOA 918.000367
ARS 1524.750402
AUD 1.417435
AWG 1.8
AZN 1.70397
BAM 1.716593
BBD 2.014833
BDT 123.096502
BGN 1.683441
BHD 0.377145
BIF 3013.033747
BMD 1
BND 1.278097
BOB 12.259622
BRL 5.188104
BSD 1.000307
BTN 95.794093
BWP 13.621802
BYN 3.022425
BYR 19600
BZD 2.011937
CAD 1.41495
CDF 2340.000362
CHF 0.828271
CLF 0.024357
CLP 961.770396
CNY 6.71325
CNH 6.734304
COP 3348.488173
CRC 454.820731
CUC 1
CUP 24.008426
CVE 96.778865
CZK 21.384404
DJF 178.136657
DKK 6.562804
DOP 59.49006
DZD 133.78604
EGP 51.914688
ERN 15
ETB 162.282003
EUR 0.87791
FJD 2.24725
FKP 0.754991
GBP 0.754689
GEL 2.61504
GGP 0.754991
GHS 11.618906
GIP 0.754991
GMD 73.503851
GNF 8797.998859
GTQ 7.639444
GYD 209.30355
HKD 7.84345
HNL 26.849519
HRK 6.613804
HTG 130.916751
HUF 320.61504
IDR 17914.1
ILS 3.04806
IMP 0.754991
INR 95.817504
IQD 1310.484048
IRR 1374575.000352
ISK 120.260386
JEP 0.754991
JMD 158.265678
JOD 0.70904
JPY 157.28504
KES 129.644095
KGS 87.448204
KHR 4068.10901
KMF 433.00035
KPW 900.000318
KRW 1355.185039
KWD 0.30864
KYD 0.833633
KZT 443.156186
LAK 22438.232325
LBP 89581.428007
LKR 330.293588
LRD 172.063018
LSL 16.32106
LTL 2.95274
LVL 0.60489
LYD 6.395752
MAD 9.599596
MDL 17.756616
MGA 4416.553298
MKD 54.043972
MMK 2099.795344
MNT 3598.18988
MOP 8.082152
MRU 40.243999
MUR 47.530378
MVR 15.450378
MWK 1734.585509
MXN 17.679204
MYR 4.074104
MZN 63.910377
NAD 16.32106
NGN 1326.380377
NIO 36.810462
NOK 9.50785
NPR 153.270725
NZD 1.749629
OMR 0.385571
PAB 1.000307
PEN 3.395971
PGK 4.456927
PHP 62.347038
PKR 277.197262
PLN 3.83775
PYG 5896.344407
QAR 3.646377
RON 4.629204
RSD 103.085092
RUB 84.346338
RWF 1478.474569
SAR 3.752852
SBD 8.000512
SCR 13.902664
SDG 601.503676
SEK 9.91775
SGD 1.277904
SHP 0.755002
SLE 24.650371
SLL 20969.491881
SOS 571.729495
SRD 37.667504
STD 20697.981008
STN 21.503489
SVC 8.753236
SYP 13002.000254
SZL 16.317198
THB 33.375038
TJS 9.228244
TMT 3.51
TND 2.961425
TOP 2.40776
TRY 48.942504
TTD 6.803879
TWD 31.728704
TZS 2654.934831
UAH 44.794751
UGX 3918.023434
UYU 40.075482
UZS 11839.206565
VES 852.43145
VND 25976
VUV 118.485868
WST 2.745655
XAF 575.871484
XAG 0.015553
XAU 0.000233347179
XCD 2.70255
XCG 1.80287
XDR 0.707052
XOF 575.871484
XPF 104.673717
YER 236.650363
ZAR 16.304245
ZMK 9001.203584
ZMW 19.513758
ZWL 321.999592
SSP 5712.5919
MXV 2.00344
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Italy's President Mattarella re-elected, easing crisis
Italy's President Mattarella re-elected, easing crisis

Italy's President Mattarella re-elected, easing crisis

Italy's parties Saturday voted overwhelmingly for outgoing President Sergio Mattarella to remain for another term, averting the political chaos that a failure to elect his successor could have sparked in the eurozone's third-largest economy.

Text size:

Electing the 80-year-old ended weeks of hand-wringing over whether prized Prime Minister Mario Draghi should be elevated, with many fearing such a move would have left the government rudderless at a highly sensitive time.

Mattarella needed at least 505 votes from an electoral college of 1,009 lawmakers and regional representatives. He won 759, earning another stint as president in spite of himself.

The former constitutional court judge had repeatedly ruled out serving a second term, but gave in Saturday after Italy's bickering political parties failed to find another viable candidate.

"I had other plans, but if it's necessary, I'm available," Mattarella said before the vote, according to party parliamentary representatives.

He was expected to be sworn in on Wednesday or Thursday. Although many expect him to leave before the end of his new seven-year term, he is likely to stay at least past elections scheduled for 2023.

Italy's presidency is largely ceremonial, but the head of state wields serious power during political crises, from dissolving parliament to picking new prime ministers and denying mandates to fragile coalitions.

Draghi said the result, after eight rounds of voting over six days, was "wonderful news for Italians".

French President Emmanuel Macron tweeted his congratulations to "dear Sergio", while German President Frank-Walter Steinmeier hailed a "role model" who "understands the importance of Europe".

Pope Francis hailed Mattarella's "generous" agreement to stay on during a period of uncertainty caused by the coronavirus pandemic, which hit Italy hard.

- 'Ideal for financial markets' -

Draghi, a former European Central Bank chief brought in to lead a national unity government almost a year ago, had been touted for months as the most eligible head of state.

But many feared his departure as prime minister would destabilise debt-laden Italy as it recovers from a lockdown-induced recession.

Italy is banking on almost 200 billion euros ($222 billion) in EU funds to cement the trend, but the money from Brussels is dependent on a tight timetable of reforms.

International investors have been watching the election closely, amid fears Draghi's exit could undermine the whole programme.

Guido Cozzi, professor of macroeconomics at the University of St. Gallen, told AFP an extension of Mattarella's mandate was "ideal for the financial markets".

Draghi has also managed to keep to a minimum squabbling between Italy's parties, almost all of which share power in his national unity government.

But the Repubblica daily pointed out that, with the campaign for the 2023 election already underway, the year ahead "risks being a replay of the shambles we've seen over the past few days".

It will now fall to Mattarella to keep the peace: "a task more difficult than we can imagine".

- 'Big sacrifice' -

Matteo Salvini, head of the far-right League party, was the first to openly propose the popular outgoing president Saturday, after putting forward a candidate Friday that flopped.

Billionaire former premier Silvio Berlusconi, who took a failed shot at the presidency himself, also said his party would ask Mattarella "to make a big sacrifice", as did the centre-left Democratic Party (PD).

Only the far-right Brothers of Italy party was against asking him to stay on.

A double mandate is not entirely unprecedented.

In 2013, president Giorgio Napolitano was re-elected in an attempt to resolve the political stalemate left by an inconclusive general election. He served nearly two more years.

Mattarella was little-known to the public when elected president in 2015, known mostly for his brother's murder by the mafia in 1980, and for taking a stand as a minister against Berlusconi.

But the Sicilian has inspired respect and affection across the political sphere, seeking to be a unifying figure through five different governments.

K.Ibarra--TFWP