As a new Five Stars / PD Italian government coalition was just sworn in, what is to be expected? Enrico Letta, Italian Prime Minister from 2013 to 2014 and Amundi's experts will share their insights.
Sir. Simon Fraser, Former Permanent Secretary at the Foreign & Commonwealth Office, and Amundi’s experts will share their insights on the current unique UK state of affairs regarding Brexit (outcomes & political/economic/financial implications).
Jean-Jacques BARBERIS, Laurent CROSNIER, Tristan PERRIER, Simon FRASER
Political crisis and possible scenarios: The Deputy PM Matteo Salvini recently withdrew his party’s support to the coalition government headed by PM Giuseppe Conte, calling for a vote of no-confidence against the PM and subsequent snap elections. On the 20th of August, after addressing the Senate, PM Conte resigned. President Sergio Mattarella will now weigh three options – consult political parties to form a new government (with the same forces of the current coalition or new ones), appoint a caretaker government or call for fresh elections.
Sergio BERTONCINI, Didier BOROWSKI, Matteo GERMANO, Lorenzo PORTELLI, Annalisa USARDI
The end of the political crisis and next steps for the new government:The new pro- European government looks to be willing to move in a different direction vs the previous one, with an agenda focused on green and socially inclusive policies. It is difficult to project how long this new coalition will last, but it will certainly have to address the next budget law. We expect to see some expansionary measures (lower labour costs plus investment spending), but without putting public finances at risk. However, the available room for manoeuvre is narrow.
Kasper ELMGREEN, Matteo GERMANO, Annalisa USARDI, Isabelle VIC-PHILIPPE