If Conte resorts to the ESM, the government can fall

The story is well known. Four solutions emerged from the Eurogroup to help member countries economically support themselves during this crisis caused by the coronavirus, including also a MES revisited given the ongoing emergency.

The only thing that seems certain at the moment is that for Italy there would be 36 billion available for healthcare expenses. The presence or otherwise of conditionality is not yet known, as well as on how to activate it, with the guidelines that will be decided (perhaps) in the European Council on Thursday.

A part of the Democratic party is Italia Viva would be in favor of using the ESM without conditionality, while the 5 star movement he doesn’t want to know regardless. In the middle there is Giuseppe Conte which has repeatedly reiterated how Italy is not currently interested in activating the fund, focusing everything instead on Eurobonds.

The premier during the European Council it could also not veto the ESM in order not to put in difficulty those countries like Spain that would like to use it, without Italy then requesting it in turn.

With the ESM government at risk

According to the inevitable rumors of the corridor, in the end, however, Conte could also decide to do not give up the 36 billion that would be available for Italy. The last word, however, would always be up to vote in parliament where the Giallorossi could go into crisis.

Interviewed by The Republic the MEP of the 5 Star Movement Ignazio Corrao, considered close to Alessandro Di Battista, did not use turns of words in making understand how the Conte bis government could arrive at the terminus in the event of a activation of the MES.

“There the immediate consequence will be the fall of the government – Corrao explained – Everyone in the M5S, even the most moderate, has always been against the ESM. But I don’t think Conte will appeal to you, he has always been speaking. If Italy activates the Mes, another government will do it“.

This MEP is not the only voice in this regard, given that several 5-star MPs have threatened their leaking from the majority in the event that Palazzo Chigi finally says yes to the MES even without conditionality.

A government crisis it would certainly not be the most desirable thing in the midst of an unprecedented health and economic emergency from the post-war period to today, but on the bottom part of the 5 Star Movement would not seem to be willing to make discounts and this could weigh heavily in the choices that Giuseppe Conte will soon be forced to do.