Italy avoids government collapse as Prime Minister Giuseppe Conte survives confidence vote - CNBC

LONDON — Italy averted further political chaos on Tuesday after Prime Minister Giuseppe Conte survived a confidence vote in the upper house of Parliament.

Italia Viva, the small political party established by former Prime Minister Matteo Renzi, left the coalition last week over differences on how to invest upcoming EU funds to prop up the Italian economy.

His party abstained from the crucial vote on Tuesday evening, rather than opting to go against Conte and help bring down the government.

However, in the summer of 2019, Lega prompted a no-confidence vote on the coalition government but ended up seeing itself replaced in the administration by the Democratic Party, and what would then become Italia Viva.

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