Italian government collapse: the political chess moves behind Mario Draghi's resignation

By Vincenzo Galasso, Professor of Economics, Bocconi University

Political instability in Italy is nothing new – the country has had 67 governments in less than 75 years. Its politicians are often shortsighted, moved by special interests and career concerns, rather than by the common good. This is what’s behind the collapse of the most recent government – the prime minister, Mario Draghi, resigned after failing to secure the support of his unity coalition.

To some, sending Draghi packing may appear irrational – his 17-month-old…

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