Italy's electoral reform clears initial confidence vote hurdle
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/6/2026
- S&P 500, Nasdaq hit record highs as Treasury yields stall, oil slips
- Oil prices fall nearly 2% as Middle East supply concerns ease
- U.S. 10-year yield climb revives dotcom-era parallels: UBS weighs in
- Goldman flags 2 key market risks if a climb in yields persists
- Shell CEO says Middle East oil flows reach 80% of prewar levels
Tweet
Share
E-mail
FILE PHOTO: Italian Prime Minister Giorgia Meloni applauds as she delivers closing remarks at a rally celebrating her government's record as the longest-serving administration in Italy's republican history, in Bari, Italy, September 4, 2026. REUTERS/Remo
ROME, Oct 6 (Reuters) - Italy's lower house of parliament on Tuesday approved part of a fiercely contested electoral reform championed by Prime Minister Giorgia Meloni which could be a factor in deciding an election due next year.
• Parliament approved the first articles of the bill in two confidence votes in the lower house.
• The second vote was passed with 227 votes in favour, 149 against and three abstentions. The first had passed by a similarly comfortable margin.
• Final approval of the package is expected on Thursday in a secret ballot.
• Meloni could resign if the bill is rejected.
• It introduces a fully proportional electoral system, with a seat bonus guaranteeing a parliamentary majority to any alliance winning more than 42% of the vote.
• Meloni's right-wing coalition faces an election by the end of next year.
• Latest speculation points to a possible vote in May 2027 to coincide with local elections in major cities.
(Writing by Keith Weir, editing by Gavin Jones)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canada's Carney to visit Turkey, meet Erdogan
- Canada's Ivey PMI dips in September as prices index climbs
- JPMorgan hires veteran dealmaker Rob Sweeney amid investment banking expansion
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
