It is anticipated that candidates on Italy's extreme right would prevail in the upcoming election, which will be Rome's most significant political shift in decades.
On Sunday, Italian citizens will cast their ballots in a rushed general election, which is anticipated to result in a government that is led by a party on the political extreme right. This would be a tremendous political upheaval for a nation that is already undergoing ongoing economic and political uncertainty. The political climate would be thrown into further disarray.
Prior to the 9th of September, when a blackout period started, opinion polls suggested that a right-wing coalition would achieve a majority of seats in the reduced lower and upper chambers of parliament. This prediction was supported by the fact that the number of seats in both chambers was lowered.
The far-right Fratelli d'Italia party led by Giorgia Meloni serves as the chairperson of the coalition (Brothers of Italy). There are three other parties that lean to the right that are members of this coalition: Matteo Salvini's Lega, Silvio Berlusconi's Forza Italia, and a moderately sized party called Noi Moderati.
The Brothers of Italy party stands out from the crowd and is expected to get the most number of votes for a single party. It has been receiving roughly 25% of the vote, as reported by the poll aggregator Politiche 2022, which is a significant margin of victory over its closest right-wing ally, Lega, which is anticipated to receive approximately 12% of the vote.
It is anticipated that the Democratic Party, which is on the center-left and is led by the former Prime Minister Enrico Letta, would receive approximately 21% of the vote. On the other hand, it is anticipated that its coalition allies, including the Green and Left Alliance, More Europe, and Civic Commitment, will only receive single-digit shares.
Mario Draghi, the Prime Minister of Italy, tendered his resignation in July after he was unable to rally a broken political coalition in support of his economic agenda. The result of this is the hurried election.
Who exactly is this mysterious "Brotherhood of Italy?"
Giorgia Meloni, the leader of the Fratelli d'Italia party, has a chance of becoming Italy's first female prime minister if her party is victorious in the election. In addition to this, she would be the first leader of the far right in Italy since Benito Mussolini rose to power a century ago.
Carlo Ciccioli, the president of Fratelli d'Italia in the eastern Italian province of Le Marche, told CNBC that the party's skyrocketing popularity had "spread to the rest of Italy" and that it was now ready to reign.
"At this time, it appears that we will be the largest party in the country; however, this will not be verified until Sunday's election, and it will not be proven by any surveys. Why do I think that Fratelli d'Italia will be successful in their endeavors? Because our leadership is built on strong foundations. According to Jouma Bercetche, Giorgia Meloni is knowledgeable about both culture and politics.
Fratelli d'Italia was established in 2012, although its roots can be traced back to Italy's neo-fascist movement of the 20th century, which came into being after the death of Mussolini in 1945, the head of the fascist party.
Giorgia Meloni was a member of the group that established Fratelli d'Italia within Berlusconi's People of Freedom (or PdL) party. This group launched Fratelli d'Italia. The first lyrics of the Italian national anthem served as the inspiration for its naming.
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Since then, the popularity of the party has grown to the point that it has eclipsed that of the populist party Lega. It has found support among sections of the public that are concerned about immigration (because to the fact that Italy is the last destination of many migrant boats that cross the Mediterranean), Italy's relationship with the EU, and the economy.
According to the opinions of several analysts, one factor that contributed to the success of the party was its choice not to participate in Draghi's most recent broad-based alliance.
According to a recent note written by the co-president of a risk consultancy, Wolfango Piccoli, this distinguished Meloni "as an outsider within the political system and as the lone opposition person."
The beginnings and the steps involved
Because its views resemble the nationalist, nativist, and anti-immigration posture of Italy's fascist era, Fratelli d'Italia has been given the title "neo-fascist" or "post-fascist" on numerous occasions. These labels are given in reference to the organization's policies.
Meloni, for her part, claims to have rid the party of fascist members. She stated in the summer that Italy's right-wing had "relegated fascism to the dustbin of history for decades." Meloni's assertion is supported by the fact that she is a member of the Democratic Party.
Meloni declared in 2019 that she seeks to safeguard "God, nation, and family," which is consistent with the socially conservative ideals held by the party, which opposes homosexual marriage and favors traditional "family values."
Fratelli d'Italia has softened its stance against the introduction of the euro in Europe, but the organization continues to support reforms that would make the European Union less bureaucratic and less influential in local politics. One of its slogans, "A Europe that does less, but does it better," defines the organization's overall strategy.
On the front of the economy, it has conceded to the position of the center-right coalition that the future administration should reduce sales taxes on some commodities in order to help the cost of living crisis, and it has stated that Italy should renegotiate its Covid recovery funds with the EU. Both of these points have been brought up by the coalition.
In contrast to the Lega, which has taken a neutral stance towards the imposition of sanctions on Russia, Fratelli d'Italia has taken a pro-NATO and pro-Ukraine stance and has shown its support for these policies.
However, the party has also maintained cordial relations with one of the EU's most visible foes, the autocratic leader of Hungary, President Viktor Orban. As a result, the party supported the autocratic leader following a decision made by the European Parliament which stated that Hungary could no longer be considered a democracy.
Politicians that stand in the center-left of the political spectrum are concerned that a government led by Meloni may potentially alter connections with the rest of Europe. Enrico Letta, the head of the Democratic Party in Italy, recently discussed Italy's options in Europe with Steve Sedgwick of CNBC. According to Letta, Italy may either stay in the top tier of economies and governance, or it can be "relegated.
The first choice we have is to try to keep our place in the so-called "first division." The first division refers to Brussels in addition to Germany, France, and Spain, who are the primary nations of Europe and founders together with us.
'The second possibility is to be downgraded to the second division with Poland and Hungary, and to stay with them against Brussels, Berlin, Paris, and Madrid,' he observed at the Ambrosetti economic event at the beginning of September.
He said, "If Italy decided to play in the second division, I feel it would be a disaster for the country."
Meloni has been given the reputation of being a political chameleon by a number of analysts as a result of her fluctuating political opinions during the course of her career.
In a note penned in September by Teneo's Wolfango Piccoli, he asked, "There is... a question as to whether Meloni will head the government: the one who lauded Hungary's Viktor Orban or the one who supported Mario Draghi's anti-Russia stance?" "There is... a question as to whether Meloni will head the government: the one who lauded Hungary's Viktor Orban or the one who supported
"The sovereigntist who called for Italy's separation from the euro or the reassuring leader who took a more traditional posture toward Europe throughout the course of the election campaign?" "The sovereigntist who advocated for Italy's withdrawal from the euro or the "
Or the more responsible conservative leader who sought a European solution?" he asked. "The populist who advocated a naval blockade in the Mediterranean to stop the unlawful stream of immigrants... or the conservative leader who advocated a European solution?"
Due to the fact that Italy is a notoriously unstable country that has had 69 administrations since World War II, some instability and volatility are anticipated in the aftermath of the election. This is not least due to the likelihood that disagreements will arise within the right-wing alliance's FdI, Lega, and Forza Italia parties.
"Salvini and Silvio Berlusconi will be confronting coalition partners as they seek to reclaim prominence following a (potential) electoral defeat. They will do this by putting an emphasis on policy differences, such as fiscal austerity, pensions, and Russia sanctions.
Soon after the election, policy disputes and personal rivalries will arise, causing chaos and diminishing the new leadership's effectiveness, as noted by Piccoli.

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