“We hope to have a constructive cooperation with the new Italian authorities. For the time being, we expect Italy to proceed with the appointment of a government,” he said. Eric Mammerspokesman for the European Comissionthe executive arm of the EU.
He added that the Commission and its head, Ursula von der Leyen“are ready to work with all the governments that emerge from elections in the countries of the European Union. And it will not be different in this case.”
On Sunday, the neo-fascist party Brothers from Italyled by Giorgia Meloni, achieved a spectacular victory with the support of The leagueof the xenophobe Matteo Salvini, and of Force Italy, driven by Silvio Berlusconi.
Faced with the emergence of a possible far-right government in a country of the bloc, the European Union does not hide its caution. The bloc currently has governments of nationalist right in Hungary Y Polandtwo countries with which the European Commission maintains tense and difficult relations.
Germany, for its part, hopes that Italy will continue to be “very favorable to Europe” despite Giorgia Meloni’s victory. “Italy is a country that is very favorable to Europe, with citizens who are very favorable to Europe, and we start from the principle that this will not change,” said the Executive’s spokesman, Wolfgang Buchner, at a press conference.
A spokesman for Ministry of Finance He said Germany expects Italy to respect European budget rules.
The German far-right party Alternative for Germany (AfD) greeted Meloni’s victory. “We celebrate with Italy! Congratulations to the entire alliance”, which should take the reins of Italy, Beatrix von Storch, vice president of the AfD group in Parliament, wrote on Twitter.
The future of Italy
The new Italian executive will succeed the national unity government led since January 2021 by Mario Draghi, the former president of the European Central Bank (ECB)which took the reins of the third economy of the eurozonesunk by the pandemic.
Draghi negotiated with the European Union a financial aid of almost 200,000 million euros, in exchange for his country making deep economic and institutional reforms.
Despite the stakes, several parties that had agreed to be part of his government ended up toppling him this summer for purely electoral reasons, leading to early legislative elections.
The new government will have to manage the crisis caused by a inflation galloping, while Italy is already collapsing under a debt that represents 150% of GDPthe highest in the euro zone behind Greece.
The milan bag rose this Monday morning, as the markets had anticipated the victory of the neo-fascist party. On Friday, it had fallen 3.36%, suffering the most important decline among the large European stock markets.
The “spread”, that is to say the difference between the yield of ten-year bonds of German debt (reference in Europe) and that of Italian bonds rose 235 points this Monday, a sign of the persistent concern among investors about the Italy’s debt.
Source: Ambito
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