Italian election melodrama
Once again, Italian politics provided us with plenty of drama last week. After leaving the euro topic out of their campaign, the two leading populist parties, Cinque Stelle and the Lega Nord, decided to nominate Paolo Savona, a strong critic of the euro as Finance minister. Italian President Matarella, however, fearing for the future of the country, decided to veto this choice. After a brief standoff, during which the populist leaders spoke about impeaching the President and organizing a “march on Rome” in reference to Mussolini’s power grab in 1922, they quickly agreed on Giovanni Tria, a political economy professor from Rome and a less controversial choice for finance minister.