Skip to content
Search

Latest Stories

News

Who’s running Italy?

Who’s running Italy?
Annie Gugliotta & Paige Fusco

Italy’s government has been thrown into a period of uncertainty. On Thursday, Prime Minister Mario Draghi offered to step down after the populist 5-Star Movement, one of the biggest parties in his coalition government, refused to back his 23 billion euro ($23.1 billion) energy crisis relief plan. But President Sergio Mattarella refused the resignation.


The former European Central Bank chief, known as “Super Mario” for saving the Eurozone from its debt crisis more than a decade ago, acknowledged that he’d lost the confidence of his “unity” cabinet.

Strings attached. The lower house of parliament signed off on the relief bill last week. But in the upper house, Thursday's vote on it had been tied to a prior vote of confidence in Draghi himself.

"While the 5-Star MPs approved the first measure, they left the room when it was time to vote on the second," says Eurasia Group analyst Federico Santi. Meanwhile, many 5-Star members have spent the past week complaining about the bill.

Still, by offering to step down, "Draghi stood by his word as he repeatedly maintained that he won’t go on if 5-Star exits the coalition," Santi adds.

This has been building. While a shock to many, Foreign Minister and 5-Star leader Luigi di Maio said some party members “have been planning for months for an outbreak of a crisis to put an end to Draghi’s government.”

A month ago, the party itself was on the verge of breaking apart and away from the coalition due to skepticism over Italy’s support for Ukraine. And weeks before that, the far-right Brothers of Italy Party won big in local elections; they’re not members of the coalition, but their strong showing point to a possible shift in the nationwide political tenor.

What happens now? Normally, if the PM’s resignation is accepted, the president would consult with parties to find a new candidate. But now things are up in the air. Mattarella has instead asked Draghi to address parliament about the state of the coalition.

Draghi’s much-awaited speech is unlikely to be scheduled before next Wednesday, which means Italy is left in political turmoil — and without the relief package Italians desperately need to help ease the impact of the energy crisis.

Unsurprisingly, well-known former PMs Giuseppe Conte, Enrico Letta, Matteo Renzi, and even Silvio Berlusconi jumped at the opportunity to try and seize the spotlight amid the chaos. But before it’s anyone else’s turn to try and gain the majority’s trust, Mattarella is giving Draghi a chance to prove he still has it.

More For You

​Israeli soldiers walk near a damaged car in Halhul, near Hebron, in the Israeli-occupied West Bank, on May 20, 2026.

Israeli soldiers walk near a damaged car, which Palestinians say was burned by Israeli settlers, in Halhul, near Hebron, in the Israeli-occupied West Bank, on May 20, 2026.

REUTERS/Mussa Qawasma
This week, far-right Israeli minister Bezalel Smotrich used an alleged arrest warrant from the International Criminal Court against him to insert fresh impetus into the effort to build settlements in the West Bank, saying on Tuesday that he wanted to make the settlements “irreversible.” He also ordered the eviction this week of Palestinian [...]
Fidel Castro and his brother, Armed Forces Minister Raul Castro (L), preside over the 100th anniversary of the death of independence hero Antonio Maceo, in this photo from December 7, 1996.

Fidel Castro and his brother, Armed Forces Minister Raul Castro (L), preside over a ceremony marking the 100th anniversary of the death of independence hero Antonio Maceo, in this photo from December 7, 1996.

REUTERS
US amps up pressure on Cuba by indicting ex-presidentThe Justice Department yesterday charged Raúl Castro, the younger brother of Fidel, with murder and a conspiracy to kill American citizens over a 1996 incident in which the Cuban military shot down two civilian planes belonging to Cuban exiles off the coast of the communist-run island. The [...]
Don’t worry, renminbi happy
Natalie Johnson
Previously, the volume hadn’t topped $117 billion monthly, but analysts say the Iran war has stoked the use of China’s currency by oil exporters like Russia and Iran, who are seeking to avoid US sanctions. While the trend does reflect a slight erosion of the dollar’s international dominance, something we’ve been keeping our eye on, it’s worth [...]
The tide is turning in Russia-Ukraine war
In the early hours of May 17, more than 500 Ukrainian drones punched through three of Moscow’s four air-defense rings. They hit oil infrastructure, military-industrial plants, and apartment buildings in and around the capital, killing at least four and wounding a dozen. Coming three days after a deadly Russian barrage that Ukrainian officials [...]