Italy’s Conte Fights to Retain Power

Italy faces a political crisis as a junior coalition partner withdraws support from Prime Minister Conte, leaving him without a majority in the Senate. Conte has several options, including resigning, seeking a new majority, or calling for a vote. The President may decide on new elections, but the pandemic complicates this. The Italian press largely agrees that elections are not feasible now. Despite the crisis, market reactions remain calm, indicating confidence in the central bank's measures.

What situation is Italy facing according to the report?

What options does the Prime Minister have after losing the majority in the Senate?

What is the consensus among the Italian press regarding holding elections during the pandemic?

How does the economic crisis and the pandemic affect the political situation in Italy?

What is the market reaction to the political crisis in Italy as mentioned in the report?