After Mario Draghi’s resignation, markets are already anticipating a risk premium for Italian securities as they fear Italy will leave the eurozone, according to Bloomberg. Brussels-based newspaper Politico identified the plot that led to the downfall of the Italian prime minister.

The political coup plot was born in Silvio Berlusconi’s luxury villa in Rome: by overthrowing the Draghi government, the elections would be forced to fall. Polls predict a victory for the far right. This is what Silvio Berlusconi, head of the moderate right-wing Forza Italia party, and Matteo Salvini, head of the League, who have so far supported the national unity government in Rome, trust. Don’t be selfless. Mario Draghi had huge sums at his disposal, with Italy receiving the most support from the European Union. At the time, Chancellor Merkel fought for joint borrowing from the European Union by pointing to Italy, saying that otherwise Italians could plunge into a debt crisis.

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However, the most popular politician in Italy at the moment is Giorgia Meloni (in our photo). He is the head of the far-right Fratelli d’Italia movement, which opposes Brussels and has not even joined Mario Draghi’s government. He was on the phone with the villa in Rome, where Berlusconi and Salvini were preparing to fend off Draghi. They came up with an ultimatum that the Prime Minister could not accept. That was exactly the goal, because they were able to withdraw their support from the national unity government accordingly, Politico writes.

The political coup succeeded: Draghi was no longer needed – after most of the billions of euros were distributed. Elections were called on 25 September. If pollsters are right, Italy will have a prime minister: most likely far-right Giorgia Meloni. Viktor Urban maintains a good relationship with him, as well as with 85-year-old Silvio Berlusconi and Matteo Salvini.

Can Italy leave the eurozone?

Since 2018, the risk premium on Italian government bonds has not been as high as it was after the Draghi fall, according to a Bloomberg report, suggesting that the former European Central Bank chief was a guarantee for markets. But he never had enough political support in Rome. Its main supporter was German Chancellor Merkel, who, according to the news, previously arranged for the departure of Italian Prime Minister Silvio Berlusconi after he suggested leaving the eurozone.

The danger of this has now surfaced again, precisely at the worst time when Italy – just like the entire European Union – is facing an energy crisis.

Russian President Vladimir Putin can rub his hands because his allies may come to power in Rome. While Draghi has been a staunch supporter of the Atlantic line, the Italian far-right is a great friend of Russia and Putin personally. However, not everyone agrees with the Russian president’s aggression against Ukraine: Georgia Meloni, who is likely to succeed Draghi, firmly supports Ukraine.

“After Draghi, we have to reassess the situation, because the prime minister has consistently stood against Putin’s aggression,” Enrico Letta, the leader of the Italian left, told the Washington Post cautiously: “We will see what political direction will follow, and how decisively the opposition to Putin will be.”

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