Sda bocconi school of management, Business school in Milan, Italy

Rome, Jan 28 Italy's lawmakers and regional representatives, also known as the Grand Electors, held and failed a fourth attempt to elect the country's 13th President.MPs from both houses plus 58 representatives of the regional governments have been voting for four days now to elect the successor to 80-year-old Sergio Mattarella, whose seven-year term ends on February 3, reports Xinhua news agency.The threshold needed for election was lowered on Thursday from two-thirds (absolute) majority support in the first three election rounds to a simple majority of 505 votes.Media and commentators had already predicted the outcome of the fourth round as the major parties failed to reach a consensus on a single candidate.Furthermore, 441 electors abstained on Thursday most of them believed to be from the centre-right coalition, 261 cast blank ballots and 166 voted for outgoing President Mattarella, who thus received the largest number of votes to date.Italy's presidents serve a seven-year term. Mattarella has made clear that he does not want a second term.Meanwhile, representatives of the two main blocs in Parliament the centre-left and the centre-right continued their intense negotiations, mostly behind closed doors.As of Thursday, the names of three possible contenders were floated in the media: Pier Ferdinando Casini, former speaker of the lower house of Parliament; Elisabetta Belloni, director general of The Department of Information Security (DIS); and current Prime Minister Mario Draghi.Draghi is reportedly seen as a major contender.At the same time, several parties have voiced concerns that his election as President might create a leadership vacuum in the government.In Italy, the president's role is largely ceremonial and is usually chosen among figures perceived as non-partisan and with broad political and constitutional knowledge.However, the president's role becomes crucial in case of political crises, since he or she is tasked with solving major deadlocks between the government and Parliament.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Sda Bocconi School Of ManagementFOLLOW

Sda bocconi school of management, Latest News

Adam Driver, Penelope Cruz and Shailene Woodley have joined Michael Mann's long-gestating passion project 'Ferrari', the biopic about the famed Italian motoring icon. ...

Britain, the United States, Canada, Australia and New Zealand have expressed grave concern over the suppression of independent media in Hong Kong by the Chinese authorities in the past months. ...

Rome, Feb 4 Italian President Sergio Mattarella has been sworn in for a second seven-year term. His re-election, ... ...

Rome, Feb 1 Italy's gross domestic product (GDP) grew by 6.5 per cent in 2021 compared to the ... ...

Rome, Jan 30 Italian President Sergio Mattarella was elected to a second term, Lower House Speaker Roberto Fico ... ...

Rome, Jan 29 The incidence of coronavirus cases and occupancy rate of hospital beds in Italy have both ... ...

Rome, Jan 29 In the last 24 hours, Italy went through two consecutive ballots to elect the country's ... ...

Rome, Jan 28 Italy's lawmakers and regional representatives, also known as the Grand Electors, held and failed a ... ...