ITALY: POPULIST MOVEMENTS DEAD

Giuseppe Conte, the former Italian prime minister who was recently replaced by Mario Draghi, the former head of the European Central Bank, will lead the country’s Five Star Movement that was once championed as an anti-euro populist party.

In our 26 January article, “ITALY’S CONTE PREVAILS IN CONFIDENCE VOTE, NOW RESIGNS,” we reported that Conte resigned from his leadership post due to criticism over his handling of the coronavirus outbreak.

The Five Star Movement, an online movement founded by comedian Beppe Grillo, attracted 32.7 percent of the vote in 2018 but has seen its support slip to about 15 percent in recent days. Following the announcement of Conte to take the leadership role, an SWG poll showed the party could now gain 6 percent.

TREND FORECAST: As we reported, the Northern League and the Five Star Movement – both anti-E.U., anti-euro, anti-globalization political movements – joined in support of Bankster Mario Draghi as Prime Minister. With Draghi’s unblemished track record with the Goldman Sachs Gang, the World Bank, and the European Central Bank, the evidence is crystal clear: the Banksters are in charge of Italy.

Thus, the populist movements and what they pretend to represent are dead in Italy. While there may be a bounce-back from the Northern League, with Conte leading the Five Star Movement, it will further dissolve in popularity.