Italian Premier Mario Draghi resigned on Thursday after key coalition allies boycotted a confidence vote, signaling the likelihood of an early election and a renewed period of uncertainty for Italy and Europe at a critical time.
Draghi tendered his resignation to President Sergio Mattarella during a morning meeting at the Quirinale Palace. Mattarella, who had rejected a similar resignation offer last week, “took note” this time around and asked Draghi's government to remain on in a caretaker fashion, the president's office said.
Draghi's government of national unity imploded Wednesday after members of his uneasy coalition of right, left and populists rebuffed his appeal to band back together to finish the legislature's natural term and ensure implementation of the European Union-funded pandemic recovery program.
Instead, the center-right parties of Forza Italia and the League and the populist 5-Star Movement boycotted a confidence vote in the Senate, in a clear sign they were done with Draghi's 17-month government.
“Thank you for all the work done together in this period,” Draghi told the lower Chamber of Deputies before he went to see Mattarella. Clearly moved by the applause, he repeated a quip that even central bank chiefs have hearts. Italian newspapers on Thursday were united in their outrage at the surreal outcome, given Italy is dealing with soaring inflation and energy costs, Russia's war against Ukraine and outstanding reforms needed to clinch the remainder of the EU's 200 billion euros in recovery funds.
“Shame,” headlined La Stampa on the front page. “Italy Betrayed,” said La Repubblica. “Farewell to Draghi's Government,” said Corriere della Sera. Mattarella had tapped the former European Central Bank chief — who was known as “Super Mario” for his “whatever it takes” rescue of the euro — to pull Italy out of the pandemic and lay the groundwork to make use of the EU's recovery funds.
But the 5-Stars, the biggest vote-getter in the 2018 national election, had been chafing for months that their priorities of a basic income and minimum salary, among other things, were being ignored. Last week, the 5-Stars boycotted a confidence vote tied to a bill aimed at helping Italians endure the crisis, prompting Draghi to offer to resign a first time.