Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Italy's Draghi to meet Biden as coalition frets over arms to Ukraine

Published 05/09/2022, 09:04 AM
Updated 05/09/2022, 09:06 AM
© Reuters. FILE PHOTO: U.S. President Joe Biden is greeted by Italian Prime Minister Mario Draghi as he arrives for the G20 leaders' summit in Rome, Italy October 30, 2021. REUTERS/Kevin Lamarque/Pool/File Photo

By Gavin Jones

ROME (Reuters) - Italian Prime Minister Mario Draghi heads to Washington on Tuesday to meet U.S. President Joe Biden against an awkward domestic backdrop, with coalition leaders voicing growing dissent over supplying more weapons to Ukraine.

Former premier Giuseppe Conte, whose 5-Star Movement is the largest party in parliament, has called for Draghi to seek a diplomatic solution to the war rather than send "heavier and more lethal weapons" that Conte says risk fuelling the conflict.

Draghi, who has taken a tough line on Russia following its invasion of Ukraine on Feb. 24, ignored Conte's requests for him to address parliament before the Washington trip to clarify the Italian position that he planned to present to Biden.

Opinion polls show that in Italy - unlike in Europe's other G7 states Britain, France, and Germany - there is little public support for sending weapons to Ukraine.

On Saturday, right-wing League leader Matteo Salvini, another major stakeholder in Draghi's coalition, took the same stance as Conte over military support for Kyiv.

"More weapons to Ukraine? No. They would mean more death, more war, more famine," tweeted Salvini, who before this year used to heap praise on Russian President Vladimir Putin.

Even the centre-left Democratic Party (PD) which has so far been most supportive of Draghi's tough line, is showing signs of internal division and a gradual shift of position.

"Draghi should tell Biden not to heighten tensions," prominent PD lawmaker Graziano Delrio said on Sunday, adding that a negotiated settlement was the only viable option and "the Americans ... must not think there can be a winner".

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

PD leader Enrico Letta told Corriere della Sera daily on Monday that Europe "mustn't allow ourselves to be led by the United States" and called for the five largest EU countries to go first to Kyiv and then Moscow in a push for peace.

It remains to be seen whether these tensions will affect Draghi's approach to the war or, as some commentators suggest, 5-Star or the League may quit the coalition ahead of a national election due early next year.

Draghi's three-day trip to Washington, his first since taking office 15 months ago, will focus on the Ukraine conflict and preparations for G7 and NATO meetings next month, an Italian government source said.

With Italy heavily dependent on Russian gas, energy security is sure to be on the agenda and Draghi will be accompanied by Claudio Descalzi, the head of Italian oil and gas company Eni.

Draghi, a former president of the European Central Bank, will also meet U.S. House of Representatives Speaker Nancy Pelosi and receive the Atlantic Council's 2022 Distinguished Leadership Award from Treasury Secretary Janet Yellen.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.