If, after reading our report of how the EU and Italian establishment stitched up the hugely popular leader of League when he called for elections after the collapse of his ruling coalition, and instead, with the backing of the Brussels bureaucracy, installed an unelected coalition to govern and revrse moost of Salvini’s reforms, you had bet against appointed overnment coalition of two politically incompatible parties, you would now he confident of picking up your winnings sooner ratherr than later. coalition between the Five Star Movement and Italy’s Democratic Party would swiftly fall apart might have been on to something.
Tuesday morning after former Prime Minister Matteo Renzi officially quit the Democratic Party to start his own political group. Though Renzi has said he will back PM Giuseppe Conte, investors are clearly worried about the prospects for more political instability.
“I have decided to leave the PD and to build together with others a new house to do politics differently,” Renzi wrote on Facebook.
Former Italian leader Matteo Renzi plunged Italy into political chaos again?
Renzi, who was seen as a centrist reformer when he was elected in 2014, left office in 2016 amid a wave of dysfunction. But since his time in office, the party has shifted further to the left, with many left-recruits loyal to current party leader, Nicolas Zingaretti. Some have long suspected that Renzi might leave the Democrats to start his own more-centrist party.
According to reports in Italian media, about 30 Democratic Party lawmakers might declare their loyalty to Renzi, but he has promised to continue to support the Conte government…for now at least.
There may be more trouble in store for Italy’s Brussels puppet government however, as well as a likely split in the Democratic Party rumours are rife in Rome that a significant number of Movement Five Star assembly members are ready to defect to League, feeling that the leaders of the party have betrayed its Eurosceptic principles and sold out to the EU rather than adhering to the founding principle of reclaiming Italian sovereignty from the wannabe pan – European empire of unelected bureaucrats.