Meloni Wins Big in Italy Election to Turn Page on Draghi Era

The next Italian government will face a series of overlapping crises as the energy shortages triggered by Russia s invasion of Ukraine fuel rampant inflation and undermine growth. The hit to Italy s finances and the prospect of more interest-rate hikes from the European Central Bank have pushed the yield on Italy s 10-year bonds to more than 4.3% compared with less than 1% in December.

We haven t arrived, Meloni told supporters in the small hours of Monday in a sober speech at a hotel in downtown Rome. This is a starting point. And tomorrow we will have to show what we are worth.

via www.msn.com

Lots of hand-wringing and pearl-clutching on the Left. We’ll see if it’s justified. She doesn’t like “financial speculators,” which sounds ominous to me. She likes family, tradition, etc., which sounds good. We’ll have to wait and see.