Fears a Draghi move could spark political instability in Italy as key election approaches

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Fears a Draghi move could spark political instability in Italy as key election approaches
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Italy is back on the radar of many investors as an upcoming presidential vote threatens the political stability seen over the last year.

Draghi signaled in his end-of-year press conference that he is available to take on the country's presidency.

It is tradition for those interested in becoming the president of Italy to signal their willingness, but not to officially announce they are running. "The body of 'grand electors' that will elect [the] next president is currently composed of 1,007 members ," Piccoli of Teneo said, though the final number could become 1,008 due to an upcoming by-election.Italy's Draghi: 'Something has changed' at the G-20 as they agree to do more on climate changeIn the first three rounds of voting, a two-thirds majority is needed to elect a new president.

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