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Politics
Vincenzo Galasso, Professor of Economics, Bocconi University

Italian government collapse: the political chess moves behind Mario Draghi's resignation

Political instability in Italy is nothing new – the country has had 67 governments in less than 75 years. Its politicians are often shortsighted, moved by special interests and career concerns, rather than by the common good. This is what’s behind the collapse of the most recent government – the prime minister, Mario Draghi, resigned after failing to secure the support of his unity coalition.

To some, sending Draghi packing may appear irrational – his 17-month-old government was backed by all but one of the country’s main political parties. A period of inflation and a war on Europe’s eastern border doesn’t seem an ideal time for political instability. But this development is hardly irrational, or surprising.

The current Italian parliament was elected in 2018. Its first government was led by a coalition of the two parties that received the most votes – the Five Star Movement and the League. The former is a relatively new populist movement, co-founded by comedian Beppe Grillo. Cashing in on social discontent, the party won support in the south of Italy by running on a combination of anti-elite messaging and promises to increase public spending. The League is an established right-wing populist party with most of its political constituency in the north.

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