Italy's parliament will begin voting on Monday for a new head of state, with Prime Minister Mario Draghi among the most prominent candidates in a wide-open contest which will be closely monitored by financial markets.
There are concerns among politicians in Italy that the result could trigger fresh political uncertainty in the euro zone's third largest economy, which is facing a resurgence of COVID-19 infections and deaths.
Draghi, who leads a national unity administration, has made clear he would like the job, which has a 7-year term. But there is a reluctance among some parties to back him for fear his departure could trigger political turmoil and an early election. Since neither the centre-right nor the centre-left have enough votes to impose a candidate from their own camp, a compromise is likely to be needed to prevent a stalemate.
With uncertainty prevailing, the centre-left Democratic Party is considering casting a blank vote in the first ballot, while its 5-Star Movement allies have not yet decided on a strategy.
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