Italy’s Government Risks Break as Coalition Ally Set to Quit
- Draghi signaled would offer resignation if Five Star walks out
- Investors offload holdings of Italian debt, EU concerned
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Italy’s Five Star Movement will refuse to back Mario Draghi’s government in a confidence vote on Thursday, raising the prospect that the prime minister could offer to resign in a move triggering political turmoil.
Giuseppe Conte told lawmakers late Wednesday that his Five Star party, the second-biggest group in Draghi’s coalition, would boycott the Senate vote, which the government will call over an aid package. Draghi signaled that he would resign if Conte walked out on the ballot.