Italian MPs fail in third bid to elect president

Italian MPs fail in third bid to elect president

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Italian MPs fail in third bid to elect president

Italian Prime Minister Mario Draghi

Italian lawmakers failed on  Wednesday to elect a new president in a third round of voting, as bickering party leaders blamed each other for pushing the country towards a political crisis.

Prime Minister Mario Draghi, who was the frontrunner for the post ahead of the election, pocketed just five votes as parties panicked at the idea of pulling him from his job.

Political analysts have warned that moving the former European Central Bank head to the presidential palace could deal a fatal blow to an already weak ruling coalition, sparking snap elections.

A fourth round of voting will be held Thursday morning and could lead to a breakthrough, as the threshold for victory now falls from a two-thirds majority to an absolute majority. Italy’s president is a ceremonial figure but wields great power in crises. Doubts over candidates led some 412 of the 1,000 or so voting MPs, senators and regional representatives to cast blank ballots Wednesday.

Outgoing 80-year-old president Sergio Mattarella – who has repeatedly ruled out serving a second term – won the most votes, with 125 ballots.

Draghi, 74, who was brought in to lead a national unity government a year ago, had been hailed by some as the best candidate for the seven-year presidential post because of his perceived skill in ensuring political stability.