Five Star Movement
Italian gold and populist publicity
Italy’s Deputy Prime Minister Matteo Salvini has revived a five-year-old proposal to use his country’s gold reserves to bring down the budget deficit. The idea is problematic for several reasons – but that is not the point. Mr. Salvini is likely using this controversial plan to make headlines and burnish his populist credentials ahead of the European Parliament elections. While he may take the gold idea further, his real goal is to enlarge and lead a pan-European alliance of euroskeptics.
GIS Dossier: The Italian case
Politically and financially, Italy has come to be regarded as a weak link in the European Union. Its shaky banks and enormous public debt almost blew apart the euro area during the debt crisis of 2010-2012, and could still do so. Its government, a marriage of populists on the left and right, claims to be the precursor of a protest wave that will sweep this year’s European Parliament elections. But as usual, it is hard to tell whether Italy is headed for disaster or more of the same.
Opinion: Italy at risk
Italy’s new left-right government is a political experiment that could turn out in one of two ways: either a disguised version of business as usual, or a complete disaster. Many observers assumed that Lega leader Matteo Salvini would manufacture the disaster on purpose to take Italy out of the euro. Now, it appears more likely that the financial crisis – if and when it comes – will occur by accident rather than design.
Italy’s new coalition – a necessary disruption?
The coalition government finally announced by Italy’s two euroskeptic parties is being bemoaned in Europe as right-wing and populist, turning Italy into a threat to the entire eurozone. But its predecessors in Rome were the ones who put the country in its current financial quandary.
Italy – the West’s weakest link?
There is growing concern in Europe and the United States that Italy could turn out to be the weakest link in the chain of resistance to Russian misconduct. Its rising parties of protest, the Five Star Movement and La Lega, want sanctions against Russia dropped. But Italy has always fancied itself a bridge between East and West. When push comes to shove, it has generally toed the line set by NATO and the EU.
Opinion: Where is Italy headed?
For two months, Italy’s Five Star Movement and its leader Luigi Di Maio have tried to assemble a cabinet with the mainstream parties of the center-right (Silvio Berlusconi) or center-left (Matteo Renzi). So far, they have failed. But those who assume Italy is doomed to return to the polls underestimate the capacity of Italian politicians for compromise – especially since a weak government suits nearly everybody.
Could the right make a comeback in Italy?
Local elections in Italy had a surprise result – a surge from the center right. Both former Prime Minister Matteo Renzi’s allies on the left and the upstart Five Star Movement led by Beppe Grillo seem to be losing traction. Is this part of a larger European trend away from populists and back toward known political quantities? And could this mean a return of Silvio Berlusconi?
Italy after the referendum
Italy's political establishment is hanging tough after the failed constitutional referendum. But buying time and tinkering with the election law will be of no avail unless the economy improves. Prime Minister Paolo Gentiloni’s caretaker government appears to lack the political clout to cut spending and fix the banks. That will only strengthen the appeal of Beppe Grillo’s Five Star Movement.
Italian voters deliver wake-up call to their politicians
Italy’s voters stayed away from the polls in huge numbers in May’s regional elections. They are fed up with the promises they are given and a lack of reforms which leaves their economy stagnant and youth unemployment at 42 per cent. All political parties were given a lesson to sharpen their delivery if they want to win support. ...
Greek problems could foster economic blueprint for eurozone
The Greek financial crisis has been a missed opportunity for eurosceptic parties to put forward new ideas for the European Union. They have achieved nothing since sweeping gains in the 2014 elections. But the Greek crisis could still be used by the EU to formulate a new way of dealing with countries in financial trouble. ...