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Italy's right-wing, led by Meloni, set to win election

World Sep 25, 2022 10:49PM ET
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6/6 © Reuters. A man holding ballots walks inside a polling station during the snap election, in Rome, Italy, September 25, 2022. REUTERS/Stoyan Nenov 2/6
 
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By Crispian Balmer and Angelo Amante

ROME (Reuters) - A right-wing alliance led by Giorgia Meloni's Brothers of Italy party was on course for a clear majority in the next parliament, giving the country its most right-wing government since World War Two.

Meloni, as leader of the largest coalition party, was also likely to become Italy's first woman prime minister.

Meloni, 45, plays down her party's post-fascist roots and portrays it as a mainstream conservative group. She has pledged to support Western policy on Ukraine and not take undue risks with the third largest economy in the euro zone.

However, the outcome is likely to ring alarm bells in European capitals and on financial markets, given the desire to preserve unity in confronting Russia and concerns over Italy's daunting debt mountain.

An exit poll for state broadcaster RAI said the bloc of conservative parties, that also includes Matteo Salvini's League and Silvio Berlusconi's Forza Italia party, won between 41% and 45%, enough to guarantee control of both houses of parliament.

"Centre-right clearly ahead both in the lower house and the Senate! It'll be a long night but even now I want to say thanks," Salvini said on Twitter (NYSE:TWTR).

Italy's electoral law favours groups that manage to create pre-ballot pacts, giving them an outsized number of seats by comparison with their vote tally.

RAI said the right-wing alliance would win between 227 and 257 of the 400 seats in the lower house of parliament, and 111-131 of the 200 Senate seats.

Full results are expected by early Monday.

RECORD LOW TURNOUT

The result caps a remarkable rise for Meloni, whose party won only 4% of the vote in the last national election in 2018, but this time around was forecast to emerge as Italy's largest group on around 22-26%.

But it was not a ringing endorsement, with provisional data pointing to turnout of just 64.1% against 74% four years ago -- a record low number in a country that has historically enjoyed a high level of voter participation.

Although heavy storms in the south appeared to have deterred many from voting there, participation fell across a swathe of northern and central cities, where the weather was calmer.

Italy has a history of political instability and the next prime minister will lead the country's 68th government since 1946 and face a host of problems, notably soaring energy costs and growing economic headwinds.

Initial market reaction is likely to be muted given that opinion polls had forecast the result accurately.

"I don't expect a big impact although it's not necessarily the case that Italian assets will do particularly well tomorrow (Monday) given how the market is starting to treat Europe and countries with worrisome public finances and exposure to the crisis and Ukraine," said Giuseppe Sersale, fund manager and strategist at Anthilia in Milan.

Italy's first autumn national election in over a century was triggered by party infighting that brought down Prime Minister Mario Draghi's broad national unity government in July.

The new, slimmed-down parliament will not meet until Oct. 13, at which point the head of state will summon party leaders and decide on the shape of the new government.

Italy's right-wing, led by Meloni, set to win election
 

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Comments (17)
Ken Roth
Ken Roth Sep 26, 2022 4:45AM ET
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Italy will need Money to exist, so any Italian government will abide by the financial and democratic rule of Europe to get money. So we have nothing to fear from Meloni.
Nils Hullmann
Nils Hullmann Sep 26, 2022 2:07AM ET
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one by one all those devious WEF puppets will be recalled by the people
Ken Roth
Ken Roth Sep 26, 2022 1:23AM ET
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Last time the italian fascists got 4% now suddenly 25%, with 40 different governments these past 45 years I doubt the fascists will rule long in italy once their populist promises to the italians are broken.
Nils Hullmann
Nils Hullmann Sep 26, 2022 1:13AM ET
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all thanks to the faschist threat of non elected Leader von der Leyen lecturing about democratic values....
Ken Roth
Ken Roth Sep 26, 2022 1:13AM ET
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Nils why dont you jump into one of your rusty tanks from ww2 and see if you can make a difference for russia, because you are not suceeding in this forum to make us change our minds about your mad war against ukraine.
Nils Hullmann
Nils Hullmann Sep 26, 2022 1:13AM ET
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Ukraine....corruption index 122 ( mexico is 124) ...hmmm dismantling Opposition.....wait highest resources of natural gas uranium titan and nickel ? what I thought it all about democratic values.....lol
Ferdinando Riboni
Ferdinando Riboni Sep 25, 2022 11:24PM ET
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Forza Meloni 🇮🇹 riprendiamocci il paese
Nils Hullmann
Nils Hullmann Sep 25, 2022 7:11PM ET
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another country without wed puppet cough baebock,Trudeau,Sanna Marin ECT.
Nils Hullmann
Nils Hullmann Sep 25, 2022 7:11PM ET
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wef...of
Brad Albright
Brad Albright Sep 25, 2022 7:11PM ET
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Put down the pipe, man.
Richie Berg
Richie Berg Sep 25, 2022 6:53PM ET
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Italy's election is a win for democracy
Angus Malarkey
Angus Malarkey Sep 25, 2022 6:18PM ET
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If a conservative wins, it's a "right-wing" victory. If a socialist wins. It's a progressive win, not a left-wing. The "wing"part adds a pejorative element.
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David Cruse
DaveC Sep 25, 2022 6:18PM ET
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The examples are everywhere.
Angus Malarkey
Angus Malarkey Sep 25, 2022 6:18PM ET
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Did you read the article? Challenging facts doesn't elevate you, it simply makes you appear to be argumentative and obtuse, Bradley.
Brad Albright
Brad Albright Sep 25, 2022 6:18PM ET
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Yes, I read the article and it uses the term "right wing" (which you interpret as pejorative). What I am asking is if you have any actual examples of election victories by left wingers being described as progressives or if that is only a notion of yours.
Angus Malarkey
Angus Malarkey Sep 25, 2022 6:18PM ET
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It will difficult to provide exact article, date and publication in short notice. It's an observation over a period of time. Look for results from stolen elections and you see the evidence, Bradley.
Brad Albright
Brad Albright Sep 25, 2022 6:18PM ET
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Is your favorite cereal fruit loops?
Cody Hawkins
Cody Hawkins Sep 25, 2022 6:15PM ET
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Good, Europe needs a shake up. Their current leadership isn't getting it done.
Tom Scurlock
Tom Scurlock Sep 25, 2022 6:10PM ET
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My gosh the Trading BOTS ARE out in full force today!!!!
 
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