Italian Prime Minister Conte announces resignation, bringing Rome closer to snap elections

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Italian Prime Minister Conte announces resignation, bringing Rome closer to snap elections
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Italian Prime Minister Giuseppe Conte announced his intention to resign on Tuesday, as a political crisis rumbles on in Rome that could eventually lead to new elections.

Conte has been under pressure since one of the country's deputy prime ministers — Matteo Salvini who leads the right-wing Lega party —earlier this month. He declared the coalition government unworkable and called for a no-confidence vote in Conte.

Italy has been governed by a two-party coalition since elections in March 2018 yielded no outright winner in Rome. The Lega party favors tax cuts and aims to stop illegal immigration while the Five Star Movement promotes initiatives that would extend benefits for citizens. This coalition has been on a rocky road since it first came to power. Some of the tension has been caused by government appointments, the country's relationship with the European Union, and, more recently, a high-speed rail link.with a rating of around 37%. Lega came to power as the junior coalition partner, but Salvini's tough rhetoric has helped to boost the party's popularity in a country where immigration is a key issue.

Conte, a law professor, was appointed by both parties to serve as the country's prime minister but is not affiliated with either.The instability has caused uncertainty in a country that has been plagued by political turmoil. The Italian government, just like other euro zone nations, has to put together its spending plans for the new year by mid-October.

The country has one the highest public debt piles globally, above 130% of its debt-to-GDP and any increase in spending could increase public debt even further — an issue which has strained relationships between Brussels and Rome.

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