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Italy was thrown into turmoil on Thursday after the populist Five Star Movement (M5S), which had been the largest party in parliament, abstained from participating in a crucial vote in the Italian senate.

M5S’s decision to boycott the vote on a €23 billion aid bill designed to offset the soaring cost of living for Italians was seen as a fatal blow to the integrity of the coalition government.

Draghi resigned on Thursday evening, saying the “pact of trust that the government is based on has gone”. He had been appointed as a technocratic prime minister in February 2021 after a previous government collapse...

To read more visit Zero Hedge.

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