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Economics

Italy's Establishment Faces Populist Push With No Champion

  • League, Five Star are polling close to combined 60 percent
  • Pro-European parties are in retreat since March’s election
Bloomberg business news
The risk of Italy leaving the euro “has been blown out of proportion," says Raffaella Tenconi of ADA Economics.(Source: Bloomberg)
Updated on

The Italian establishment is heading into a showdown against the populists with its armies in disarray.

Former Prime Minister Silvio Berlusconi’s center-right Forza Italia has been practically swallowed up by Matteo Salvini’s League since the inconclusive election on March 4, while the center-left Democratic Party of outgoing premier Paolo Gentiloni is still casting around for a way forward after its worst-ever result.