Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Brentford in talks to host Shakhtar Donetsk Champions League fixtures

      Breaking news update with diverse business professionals discussing market trends in a modern conference room setting

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Brentford in talks to host Shakhtar Donetsk Champions League fixtures

      Breaking news update with diverse business professionals discussing market trends in a modern conference room setting

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      City festival with comedy and line dancing arrives in Square Mile

      Leadenhall Market vibrant during City Square Mile festival with bustling crowds and colorful decorations

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 29 May 2018 4:59 pm

Italy’s populists will take advantage of this chaos for all it is worth

By: Christian May

Editor-in-Chief

Add as a preferred source on Google

As a spectator sport, Italian politics rarely disappoints.

The spectacle of the radical, anti-establishment 5 Star Movement stitching together a plan for government with the far-right League has been gripping and alarming in equal measure.

How would sweeping tax cuts sit alongside a massive expansion of welfare? How would markets react to a debt-laden economy throwing off the shackles of austerity? How would the European Union respond to the proposed deportation of hundreds of thousands of migrants?

The decision of Italy's President Matterella to seek the appointment of a technocratic Prime Minister with no electoral backing does not render these questions obsolete, it merely delays the point at which the answers will become clear – for the forces unleashed and marshalled by the fledgling coalition of populists and radicals will not disappear simply because the constitutional head of state has put a spanner in the works.

Indeed, last night the two party leaders were back on familiar territory, railing against the establishment and encouraging their supporters out on to the streets. Polling from just a few months ago showed that 82 per cent of Italians do not trust parliament, the same percentage think the country's economic situation is bad and 77 per cent agreed that elected officials “don't care what people like me think.” That figure will likely increase in light of recent developments.

With Italy now set for another election, the insurgent parties (who between them scored a majority of votes just a few months ago) will capitalise on the current political chaos for all it is worth. 5 Star and the League could have negotiated a new proposition with the President, but perhaps it suits their objectives to throw their hands in the air and ride a wave of public anger all the way to another election.

Matterella is constitutionally entitled to do what he has done, but he is playing with fire.

As Machiavelli observed 500 years ago, “When you disarm people, you commence to offend them and show that you distrust them either through cowardice or lack of confidence, and both of these opinions generate hatred.”

Those who voted for the populist parties will feel as if the establishment is attempting to disarm them, and they are unlikely to go quietly back into their box.

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • International

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

  • As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

More from CityAM

  • Fifa World Cup brand value trebles to £4bn thanks to sponsorship and media rights

    Sport Business
    Getty Images logo displayed on a modern digital screen, representing stock photo services in a business news context
  • Starmer defends ‘treacherous’ Reeves and Miliband despite Badenoch jibes

    Politics
    Keir Starmer speaking passionately at Prime Ministers Questions in the UK Parliament chamber, addressing government policies.
  • Pigment boss: ‘We’re replacing legacy players at the speed of light’

    Tech
    Eleonore Crespo, CEO of Pigment, confidently leading a business meeting in a modern office setting
  • Burnham’s new Chief of Staff ran City firm advising Thames Water and rival Heathrow bidder

    Advisory
    James Purnell of Flint Global, highlighted in a business setting last year, showcasing leadership in strategic consulting.
  • England draw with Ghana worth £20m extra to British pubs

    Sport Business
    GettyImages 2227274505: Business professionals in a meeting discussing innovative strategies, diverse team, modern office ...
  • HSBC bags £135m from former Silicon Valley Bank as job cuts push up restructuring bill

    Banking
    Picture of HSBC building outside.
  • The Debate: Should the resignation of the Prime Minister trigger a general election?

    Opinion
    Keir Starmer announces resignation at podium, addressing media with serious expression against a backdrop of political ban...
  • B&M poaches Asda exec in bid to shake off accounting blunder

    Retail
    Business meeting with diverse professionals discussing strategy around a conference table in a modern office setting

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies