• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
‘Draghi Walked Into a Trap’: Chief’s Ultimatum Shatters Italy’s Stability

‘Draghi Walked Into a Trap’: Chief’s Ultimatum Shatters Italy’s Stability

3 years ago
Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Why Trump Is Calling For Probe Into Clinton’s Epstein Links

3 hours ago
Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

3 hours ago
Malawi Steeply Devalues Currency To Shore Up Forex Reserves

Auto Draft

14 hours ago
Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

13 hours ago
SA Criticised For Holding 153 Palestinian Passengers On Plane For 12 Hours

SA Criticised For Holding 153 Palestinian Passengers On Plane For 12 Hours

15 hours ago
Saturday, November 15, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

    Why Trump Is Calling For Probe Into Clinton’s Epstein Links

    Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

    Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

    Tanzania: President Hassan Appoints Former Finance Minister As New PM

    Tanzania: President Hassan Appoints Former Finance Minister As New PM

    Paris Court Grants Sarkozy Release From Prison Under Judicial Supervision

    Paris Court Grants Sarkozy Release From Prison Under Judicial Supervision

    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    Cameroon: Opposition Candidate Kicks As Electoral Commission Declares Biya Winner

    Cameroon: Old, Sit-Tight Paul Biya Sworn In Again As President At 92

  • Economy
    Rwanda, Kano Chamber Of Commerce Seal Pact To Boost Trade, Investment Opportunities

    Rwanda, Kano Chamber Of Commerce Seal Pact To Boost Trade, Investment Opportunities

    Senegal: PM Sonko Says He Prefers Being Head Of Govt, Not Leader Of Parliament

    Senegal: IMF’s Call For Debt Restructure A “Disgrace” — Prime Minister

    Goldman

    Nigeria: Naira Holds Steady Against Dollar At Forex Market

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    Nvidia In Talks To Invest In Arm IPO

    Nvidia Becomes World’s First $5 Trillion Company

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    Namibia: President Netumbo Targets Women, Young People In Empowerment Agenda

    Namibia: President Nandi-Ndaitwah Takes Charge Of Mines and Energy Ministry

    PwC Exits Nine African Nations in Major Business Shift

    PwC Report: Nigeria, Kenya, South Africa Lead Africa Entertainment Media 

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

    Why Trump Is Calling For Probe Into Clinton’s Epstein Links

    Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

    Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

    Tanzania: President Hassan Appoints Former Finance Minister As New PM

    Tanzania: President Hassan Appoints Former Finance Minister As New PM

    Paris Court Grants Sarkozy Release From Prison Under Judicial Supervision

    Paris Court Grants Sarkozy Release From Prison Under Judicial Supervision

    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    Cameroon: Opposition Candidate Kicks As Electoral Commission Declares Biya Winner

    Cameroon: Old, Sit-Tight Paul Biya Sworn In Again As President At 92

  • Economy
    Rwanda, Kano Chamber Of Commerce Seal Pact To Boost Trade, Investment Opportunities

    Rwanda, Kano Chamber Of Commerce Seal Pact To Boost Trade, Investment Opportunities

    Senegal: PM Sonko Says He Prefers Being Head Of Govt, Not Leader Of Parliament

    Senegal: IMF’s Call For Debt Restructure A “Disgrace” — Prime Minister

    Goldman

    Nigeria: Naira Holds Steady Against Dollar At Forex Market

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    Nvidia In Talks To Invest In Arm IPO

    Nvidia Becomes World’s First $5 Trillion Company

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    Namibia: President Netumbo Targets Women, Young People In Empowerment Agenda

    Namibia: President Nandi-Ndaitwah Takes Charge Of Mines and Energy Ministry

    PwC Exits Nine African Nations in Major Business Shift

    PwC Report: Nigeria, Kenya, South Africa Lead Africa Entertainment Media 

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

‘Draghi Walked Into a Trap’: Chief’s Ultimatum Shatters Italy’s Stability

July 22, 2022
in Top Stories, World
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

After Italian Prime Minister Mario Draghi’s second and conclusive resignation this week, the conservative Il Tempo newspaper’s entrance web page carried the headline: “Draghi’s suicide”. But rival title La Stampa depicted him because the sufferer of a political homicide, declaring his authorities had been “drowned”.

Just who’s answerable for the autumn of the extremely revered former European Central Bank chief, feted for his function in saving the only foreign money within the eurozone disaster of 2012, is the topic of bitter debate amongst Italy’s politicians as they search to deflect a wave of public anger over the collapse of the ruling coalition.

Relatedreading

Why Trump Is Calling For Probe Into Clinton’s Epstein Links

Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Opinion polls final week confirmed Italians overwhelmingly wished Draghi to remain in workplace to steer Italy by means of its financial and geopolitical challenges relatively than going to the polls early.

“The idea of government collapse was in the air, but the way it happened was quite surreal even by Italian standards,” stated Lorenzo Pregliasco, founding father of YouTrend, a Turin-based political polling and evaluation company. “Nobody actually wants to take responsibility for this.”

But political analysts say a mix of miscalculation by the anti-establishment Five Star Movement, Draghi’s personal rectitude and uncompromising nature, and realpolitik by Matteo Salvini’s hard-right League, proved deadly to Draghi’s nationwide unity administration.

Draghi’s resignation on Thursday, and the dissolution of parliament, got here after main coalition companions Five Star, the League and Silvio Berlusconi’s Forza Italia determined to boycott Wednesday’s confidence vote in his management. Draghi himself had referred to as the vote after accusing them of making an attempt to subvert the federal government’s coverage agenda and demanding they recommit to his reform plans.

For his half, Salvini had watched as Giorgia Meloni’s far-right opposition Brothers of Italy eroded his occasion’s help for the reason that League joined the federal government in early 2021. Following a day of excessive drama and rancorous debate on Wednesday, the League chief seized the possibility to desert a governing coalition wherein he was more and more uncomfortable and push for snap elections, which polls counsel rightwing events would win.

Draghi “walked into a trap”, stated Daniele Albertazzi, a politics professor on the University of Surrey within the UK. The League “didn’t trigger this — it’s all been served to them on a silver plate.”

Roberto D’Alimonte, a professor of political science at Rome’s Luiss college, stated that Italy’s rightwing bloc believes “they are going to win the next election . . . they have been offered a golden opportunity.”

Draghi, 74, was requested in early 2021 to guide a nationwide unity authorities and steer Italy by means of its Covid-19 disaster. Initially, his cross-party coalition steadied a faltering vaccination drive, supervised a strong financial rebound from 2020’s GDP contraction of 9 per cent, and gained Brussels’ approval for an financial reform agenda to unlock €200bn in EU Covid restoration funds.

But analysts say Draghi was pissed off by the issue of coalition negotiations over the reforms, which included updating property registers to enhance tax assortment, auctioning profitable seashore concessions and a brand new competitors regulation. His powerful stand towards Russia’s invasion of Ukraine additionally unsettled events, together with Five Star and the League, which have historic ties to Moscow and to Russian president Vladimir Putin.

Tension lastly boiled over final week when Five Star boycotted a vote on a €26bn support bundle to defend Italians from inflation due to its opposition to the inclusion of a controversial waste incinerator for Rome, which faces a disaster over the disposal of garbage.

Analysts say Five Star chief Giuseppe Conte was seething after a celebration cut up in June and was desperate to be extra assertive to shore up its collapsing base. “Five Star was fractured, divided and didn’t know where to go with a weak leader,” stated Pregliasco.

What Conte apparently had not anticipated was that Draghi would really feel compelled to instantly supply his resignation regardless that the invoice had handed with a cushty majority regardless of Five Star’s boycott.

Draghi’s supporters stated he had little selection after the transfer by such an vital coalition accomplice. The prime minister was additionally offended that the League had supported a disruptive taxi drivers’ strike referred to as in protest on the draft competitors regulation. Passage of the measure is required beneath the phrases of the EU Covid restoration fund.

However, D’Alimonte stated Draghi’s first resignation supply had been a mistake and was not required by the structure. “I understand the reason: he . . . was tired of being pulled apart so he wanted to call the end of their game,” he stated. “But if I was in his shoes, I would not have done it.”

Although President Sergio Mattarella rejected the prime minister’s resignation final week, his instruction to Draghi to return to parliament this week to evaluate his help arrange the decisive spherical of the disaster.

In a speech to parliament on Wednesday, Draghi took a troublesome tone, criticising coalition members and saying he was prepared to remain on provided that they backed his reform agenda.

“He went to parliament without any negotiation with the main actors,” stated Albertazzi. “What he has done is say to everyone that, ‘I’m not going to compromise, I’m not going to throw you a few bones. If you don’t like it, you can govern yourself.’”

For Italy’s rightwing events, the lure of snap elections — and escaping the coalition with a believable various scapegoat in Five Star — proved too engaging. “They took advantage of a crisis caused by Five Star to pull the plug,” stated Pregliasco. “Salvini convinced Berlusconi that early elections would lead to a centre-right government.”

But analysts say the events might but pay a worth for sinking one of the crucial well-liked and revered leaders in Italy’s postwar historical past. After all of the drama, La Repubblica’s sombre entrance web page headline on Thursday morning could have summed up the nationwide temper: “Italy betrayed.”

Additional reporting by Silvia Sciorilli Borrelli in Rome

 

Tags: breakingFinancial TimesHeritageheritage timesheritagetimesmediaItalylatestMario Draghinewsthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Nottingham Forest Set To Beat Newcastle United To Dennis

Next Post

Nigeria 2023: INEC, Disability Commission Collaborate For Inclusion Of PWDs

Related Posts

Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Why Trump Is Calling For Probe Into Clinton’s Epstein Links

November 15, 2025
Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

November 15, 2025

Auto Draft

Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

SA Criticised For Holding 153 Palestinian Passengers On Plane For 12 Hours

Ivory Coast To Tighten Border Security Over Influx Of Refugees From Mali

Next Post
#EndSARS: INEC postpones 15 bye-elections in 11 states

Nigeria 2023: INEC, Disability Commission Collaborate For Inclusion Of PWDs

Please login to join discussion
AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Why Trump Is Calling For Probe Into Clinton’s Epstein Links

November 15, 2025
Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

November 15, 2025
Malawi Steeply Devalues Currency To Shore Up Forex Reserves

Auto Draft

November 14, 2025
Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

November 14, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Why Trump Is Calling For Probe Into Clinton’s Epstein Links

November 15, 2025

Ghana’s Growth Prospects Boosting Investor Confidence – Finance Minister 

November 15, 2025

Auto Draft

November 14, 2025

Tanzania: President Hassan Inaugurates Panel To Investigate Post-Election Killings

November 14, 2025

SA Criticised For Holding 153 Palestinian Passengers On Plane For 12 Hours

November 14, 2025

Ivory Coast To Tighten Border Security Over Influx Of Refugees From Mali

November 14, 2025

Tanzania: President Hassan Appoints Former Finance Minister As New PM

November 13, 2025

US Seeks Global Action To Halt Weapons Supplies To Sudan’s RSF

November 13, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In