Berliner Boersenzeitung - Far-right Meloni to take over as Italy's first woman PM

EUR -
AED 4.021503
AFN 73.908097
ALL 98.921949
AMD 423.901271
ANG 1.974444
AOA 999.073261
ARS 1065.84545
AUD 1.62179
AWG 1.971313
AZN 1.865626
BAM 1.959352
BBD 2.21199
BDT 130.917357
BGN 1.958044
BHD 0.41266
BIF 3168.006433
BMD 1.09487
BND 1.430981
BOB 7.597705
BRL 6.143649
BSD 1.095576
BTN 92.070743
BWP 14.538828
BYN 3.585153
BYR 21459.452596
BZD 2.208223
CAD 1.507691
CDF 3151.036344
CHF 0.938544
CLF 0.03677
CLP 1014.594593
CNY 7.736575
CNH 7.74406
COP 4609.72034
CRC 565.920862
CUC 1.09487
CUP 29.014056
CVE 110.899817
CZK 25.320845
DJF 194.580733
DKK 7.468441
DOP 66.135668
DZD 145.547369
EGP 53.12012
ERN 16.42305
ETB 132.909284
FJD 2.441989
FKP 0.833808
GBP 0.837761
GEL 2.972616
GGP 0.833808
GHS 17.468695
GIP 0.833808
GMD 75.002813
GNF 9455.297972
GTQ 8.470971
GYD 229.203459
HKD 8.507009
HNL 27.27873
HRK 7.444033
HTG 144.340375
HUF 401.69729
IDR 17046.195734
ILS 4.115431
IMP 0.833808
INR 92.119463
IQD 1433.732305
IRR 46096.769633
ISK 149.614412
JEP 0.833808
JMD 173.44446
JOD 0.77572
JPY 163.287865
KES 141.238618
KGS 93.615547
KHR 4450.647057
KMF 492.148233
KPW 985.382407
KRW 1477.330449
KWD 0.335611
KYD 0.912922
KZT 530.419866
LAK 23955.756647
LBP 98100.355106
LKR 320.681404
LRD 211.095072
LSL 19.149694
LTL 3.232867
LVL 0.662276
LYD 5.249945
MAD 10.733563
MDL 19.335349
MGA 5019.979469
MKD 61.721904
MMK 3556.09515
MNT 3720.368314
MOP 8.768618
MRU 43.521498
MUR 50.477604
MVR 16.806669
MWK 1900.69475
MXN 21.108366
MYR 4.69426
MZN 69.966278
NAD 19.14969
NGN 1795.587226
NIO 40.295292
NOK 11.711546
NPR 147.316398
NZD 1.792107
OMR 0.420919
PAB 1.095546
PEN 4.110803
PGK 4.305303
PHP 62.659822
PKR 304.100561
PLN 4.294379
PYG 8550.306713
QAR 3.986536
RON 4.980021
RSD 117.033452
RUB 104.753149
RWF 1483.548891
SAR 4.111819
SBD 9.086684
SCR 14.870571
SDG 658.568348
SEK 11.355384
SGD 1.428919
SHP 0.833808
SLE 25.014827
SLL 22958.871473
SOS 625.171157
SRD 34.97727
STD 22661.599096
SVC 9.58638
SYP 2750.893728
SZL 19.054736
THB 36.300457
TJS 11.678367
TMT 3.842994
TND 3.362387
TOP 2.564299
TRY 37.53401
TTD 7.43621
TWD 35.231608
TZS 2983.5212
UAH 45.113292
UGX 4026.262955
USD 1.09487
UYU 45.81306
UZS 14014.336755
VEF 3966224.203526
VES 42.519585
VND 27174.674155
VUV 129.98517
WST 3.062858
XAF 657.124378
XAG 0.034703
XAU 0.000412
XCD 2.958941
XDR 0.81497
XOF 655.28365
XPF 119.331742
YER 274.10111
ZAR 19.061233
ZMK 9855.148044
ZMW 28.949221
ZWL 352.547703
  • RELX

    0.4700

    46.83

    +1%

  • NGG

    0.5600

    66.24

    +0.85%

  • SCS

    0.3100

    12.91

    +2.4%

  • BTI

    0.0700

    35.18

    +0.2%

  • GSK

    -0.3800

    38.83

    -0.98%

  • VOD

    -0.0900

    9.65

    -0.93%

  • RIO

    0.3900

    67.23

    +0.58%

  • CMSC

    0.1200

    24.71

    +0.49%

  • RBGPF

    -0.6100

    59.49

    -1.03%

  • RYCEF

    0.1200

    7

    +1.71%

  • BCC

    3.4200

    142.37

    +2.4%

  • AZN

    0.4800

    77.35

    +0.62%

  • JRI

    0.0300

    13.25

    +0.23%

  • BCE

    0.1600

    33.02

    +0.48%

  • BP

    -0.2300

    32.11

    -0.72%

  • CMSD

    0.1800

    24.95

    +0.72%

Far-right Meloni to take over as Italy's first woman PM
Far-right Meloni to take over as Italy's first woman PM / Photo: Francesco AMMENDOLA - Quirinale Press Office/AFP

Far-right Meloni to take over as Italy's first woman PM

Giorgia Meloni formally takes over as Italy's first woman prime minister on Sunday, a day after being sworn in as the leader of the country's most right-wing government since World War II.

Text size:

The handover of power from outgoing premier Mario Draghi to Meloni will take place at Rome's Chigi Palace and a first cabinet meeting will follow shortly afterwards.

The symbolic act at the seat of Italy's government will see former European Central Bank chief Draghi, in charge since February 2021, hand over a bell used by the cabinet president to manage cabinet debates.

European Union chiefs, wary of the far-right taking power, on Saturday said they were ready to cooperate with the new coalition government led by Meloni's post-fascist and Eurosceptic Brothers of Italy party.

European Commission President Ursula von der Leyen congratulated Meloni and said she held "good" telephone talks with her, while Meloni said she was ready to work with the bloc's leaders.

La Stampa daily spoke of a "European beginning" on its front page on Sunday. "Meloni: down to work, with pride", blared the Corriere della Sera.

- Challenges ahead -

On Saturday, Meloni and her 24 ministers took the oath before President Sergio Mattarella at the Quirinal Palace in Rome, once home to popes and kings of Italy.

The 45-year-old's appointment is a historic event for the eurozone's third-largest economy and for Brothers of Italy, which has never been in government.

It won 26 percent of the vote in last month's election, compared to eight and nine percent respectively for Meloni's coalition partners, former leader Silvio Berlusconi's Forza Italia and the far-right League led by Matteo Salvini.

A former admirer of former dictator Benito Mussolini, Meloni has managed to distance her party from its fascist roots.

Major challenges including soaring inflation and Italy's high debt ratio -- the eurozone's highest after Greece -- await the new government.

Meloni's cabinet, including six women, suggests a desire to reassure Italy's partners. She appointed Giancarlo Giorgetti as economy minister, who served under the previous government of Mario Draghi.

Giorgetti, a former minister of economic development, is considered one of the more moderate, pro-Europe members of Salvini's League.

Meloni also named ex-European Parliament president Antonio Tajani, of Forza Italia, as foreign minister and deputy prime minister.

Salvini will serve as deputy prime minister and minister of infrastructure and transport, which will likely disappoint Salvini.

He wanted the role of interior minister, a post he previously held between 2018 and 2019. That went instead to a technocrat, Rome prefect Matteo Piantedosi.

- 'Common values' -

The talks to form a government had been overshadowed by disagreements with her two would-be coalition partners.

Italian news media made much of the recorded comments by Berlusconi defending Russian President Vladimir Putin, remarks he insists have been taken out of context.

Salvini, too, is a long-time fan of Putin and has criticised Western sanctions imposed on Russia over its invasion of Ukraine.

Despite her Eurosceptic stance however, Meloni has been firm in her support for Kyiv, in line with the rest of the European Union and the United States.

On Saturday she affirmed her desire to work with NATO, which she described as "more than a military alliance: a bulwark of common values we'll never stop standing for".

NATO chief Jens Stoltenberg and US President Joe Biden sent their congratulations to Meloni, as did Ukrainian leader Volodymyr Zelensky.

But the tensions with her coalition partners are already raising questions as to whether she will be able to maintain a majority in Italy's notoriously volatile parliamentary system.

Conservative European leaders including Hungarian Prime Minister Viktor Orban and Polish premier Mateusz Morawiecki hailed a victory for the right.

(L.Kaufmann--BBZ)