To the market’s surprise (and actually that make sense), Italian Prime Minister designate Carlo Cottarelli didn’t present his cabinet to President Sergio Mattarella at the meeting today. The president’s spokesman Giovanni Grasso said that “the prime minister-designate met with the president and told him about the current situation. The two will meet again tomorrow morning.”
It’s obvious that the caretaker government won’t have enough confidence vote. And in any case, an early election, possibly in August, is the likely outcome. So it actually makes sense for Cottarelli to go straight forward to snap election.
