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The first round of voting for Italy’s president has begun in the parliament, with no clear winner yet.! Latest Update! Viral News!

Reuters/Italian Press Agency, 24 January – In an open race that will be widely watched by the financial markets, Italy’s parliament will begin voting on Monday for a new head of state. Prime Minister Mario Draghi is one of the most notable contenders in this fight.

A rise of COVID-19 infections and deaths in the eurozone’s third-largest economy has sparked concerns among Italian lawmakers that the election result could lead to new political uncertainty.

Political crises are the responsibility of the head of state, which is critical in a country where the average government lasts just one year. It is up to the president to nominate cabinet members, including prime ministers.

The first round of voting for Italy's president has begun in the parliament, with no clear winner yet.! Latest Update! Viral News!
The first round of voting for Italy’s president has begun in the parliament, with no clear winner yet.! Latest Update! Viral News!

Voting will begin at 1400 GMT for the first round of secret balloting to replace outgoing President Sergio Mattarella in a process that might take several days to complete. read on for more information

Any one of the first three rounds requires a two-thirds majority for the winner to be declared, while an absolute majority sufficed thereafter.

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It seems apparent that Draghi, the head of a national unity government, would enjoy the 7-year term. For this reason, several parties are reluctant to support him, fearing that his departure may lead to political chaos and an early election.

Removing Draghi from his position as prime minister would be “dangerous” at this difficult time, right-wing League leader Matteo Salvini said on Sunday, repeating similar comments made by his coalition partner Silvio Berlusconi.

For the sake of not having a deadlock, a compromise between the centre-right and the centre-left will probably need to be reached.

As a result, the first round of voting on Monday is likely to be inconclusive.

It was announced on Sunday that both the 5-Star Movement and the centre-left Democratic Party (PD) will allow their lawmakers to cast blank ballots to keep a cross-party dialogue going.

On Saturday, Berlusconi walked away from the contest. The centre-left had already ruled out supporting the former prime minister, who lacked the conventional broad base of support needed to win an election. read on for more information

As soon as Draghi is elected head of state, an agreement on a new prime minister is needed to ensure that instability does not jeopardise Italy’s EU pandemic relief money.

Draghi had been widely expected to take up residence in the presidential mansion until recently.

Chances appear to have decreased, but he is still one of the front-runners after Salvini and Berlusconi called for him to continue in office for another year.

In a world where most of the conversations take place behind closed doors, politicians’ public statements are often merely strategic moves. On Sunday, PD leader Enrico Letta, who supports Draghi, said he wanted to confirm with Salvini whether or not his rejection of the premier was final.

Right-wing parties have been silent since Berlusconi withdrew, but Salvini indicated the alliance was prepared to provide several “high-profile” names for negotiation.

Current secret service coordinator and former lower house speaker Pier Ferdinando Casini are rumoured to be among the candidates, as are former premier Giuliano Amato and former Senate speaker Elisabetta Casellati.

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Mattarella has stated that he will not serve a second term, but several lawmakers, including Letta of the PD, have recommended begging him to reconsider.

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