What to Know About Italy’s 2018 Elections
https://www.cfr.org/backgrounder/what-know-about-italys-2018-elections
What are the dominant issues?
The continent’s migration crisis has rocked Italian politics, as the country has borne the brunt of migrant and refugee arrivals from nearby North Africa.
Italy absorbed more than six hundred thousand migrants over the last four years, with more than 180,000 arriving in 2016.
The Italian economy was hit hard by the 2008–2009 financial crisis, shrinking by nearly 9 percent by 2013. Many analysts say that the economy needs deeper reforms to promote hiring and investment, while some Italian politicians blame the euro common currency and EU budget rules for hindering the recovery. Some worry that continued low growth or another recession could lead to a debt crisis that could threaten the eurozone.
he banking system remains a major problem. Italian banks hold more than $220 billion in bad loans, which stifles lending and investment across the economy.
Who are the primary contenders?
Democratic Party: Since the 2013 elections, the PD passed labor legislation that economists say has created jobs and begun a program of recapitalizing Italy’s banks, but some on the left wing of the party have split with Renzi, weakening his bid to return as prime minister.
Renzi remains the party leader, but some observers say that in the case of an inconclusive election, Gentiloni could be reappointed as a compromise choice for head of a grand coalition government.
Coalition of the Right: Former Prime Minister Silvio Berlusconi, who, at age 81, last held office in 2011, has achieved a comeback of sorts by assembling a coalition of right-wing parties. More radical is his ally the Northern League, a party originally devoted to the independence of Italy’s northern regions.
Its leader, Matteo Salvini, has rebranded it into a national party based on an anti-immigration and Euroskeptic platform. Salvini has said he would take Italy out of the eurozone, though Berlusconi disagrees.
Five Star Movement: Polls show the most popular party ahead of the elections is the Five Star Movement (M5S), founded in 2009 by comedian Beppe Grillo.
The party is an eclectic mix of ideologies and personalities, loosely united by a spirit of protest against Italy’s political establishment, which it sees as corrupt and outmoded. Its leaders have often criticized Italy’s participation in the euro and EU budget rules, and have called for tighter immigration policies.