- Analytics
- News and Tools
- Market News
- Italy education minister resigns over lack of funds for ministry
Italy education minister resigns over lack of funds for ministry
Italian Education Minister Lorenzo Fioramonti told he had resigned after failing to obtain from the government billions of euros he said were needed to improve the country's schools and universities.
The resignation is a blow to the embattled government, whose ruling parties are at odds on issues ranging from euro zone reform to migrant rights.
It also underscores the problems of the anti-establishment 5-Star Movement, Fioramonti's party, which is trying to reorganize amid widespread internal dissatisfaction with its leader Luigi Di Maio.
Fioramonti said shortly after the government of 5-Star and the center-left Democratic Party was formed in September that he would quit unless education spending was raised by 3 billion euros ($3.3 billion) in the 2020 budget.
Few believed him, even as the budget continued its passage through parliament and it became clear the government had little intention of hiking taxes or cutting spending to find the funds he demanded. The budget was approved on Monday ahead of a Dec. 31 deadline.
"It shouldn't be a surprise to anyone that a minister keeps his word," Fioramonti told.
Fioramonti said he would still support the government in parliament, where he is a lower house deputy.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
