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Italian PM Mario Draghi Resigns – Stocks and Bonds Slump


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Italian prime minister Mario Draghi to resign after coalition partner snub  | Italy | The Guardian

Jul 21, 2022 | DailyFX
Nick Cawley, Strategist

EUR/USD PRICE, CHART, AND ANALYSIS

  • Italian political instability is back in full view.
  • Stock market and Italian government bonds fall sharply.

Italian Prime Minister Mario Draghi has resigned today after one-and-a-half years in office after his coalition government fell apart. Mr. Draghi tendered his resignation to President Sergio Mattarella earlier this week but was asked to go back to Parliament and try and form a new government. PM Draghi however was unable to gain the support of all of his coalition partners and tendered his resignation this morning. It looks likely that President Mattarella will dissolve Parliament shortly and call for an early election.

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