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Economist Podcasts

Conte’s inferno: political crisis in Italy

Economist Podcasts

The Economist

News, News & Politics

4.35K Ratings

🗓️ 28 January 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

The president is scrambling to pull together a workable government following Prime Minister Giuseppe Conte’s resignation—and the instability has big implications for Europe’s post-pandemic plans. We examine the staggering rise of shares in GameStop and the day traders trying to stick it to the hedge-funders. And the sport of back-country skiing gets a lift in America.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.3

Every weekday, we provide a fresh perspective on the events shaping your world.

0:17.2

Most people haven't thought of the video game store GameStop for years, if they ever did.

0:23.6

Now it's all Wall Street is talking about.

0:26.6

We dive into an intriguing tale involving the social media site Reddit, some snarky day traders, and serious stock moves.

0:35.0

And ski resorts were the first known super spreader sites of the pandemic.

0:39.3

All those crowded lifts and spirited apra ski sessions. In America, that danger has driven a spike in backcountry skiing.

0:48.3

No lifts, no crowds. But the sport isn't without its risks.

0:53.3

First up, though. but the sport isn't without its risks.

0:57.0

First up, though.

1:05.0

Today, talks continue in Rome to try to form a new government, Italy's third in three years.

1:08.0

Earlier this week, Prime Minister Giuseppe Conte resigned,

1:12.0

predicting he would no longer have a majority in Parliament.

1:19.4

As for what's next, it's unclear, even by Italian standards.

1:24.0

Mr. Conte might just return as Prime Minister of the same fractious coalition, or a different one,

1:30.0

or there could be a snap election.

1:32.5

The crisis comes at a crucial time, not just for Italy, but also for Europe, as it plans for

1:39.0

and piles money into a post-pandemic future.

1:43.2

Giuseppe Conte, the Prime Minister, ran out of support, but he ran out of support within his own coalition.

1:50.0

John Hooper is the Economist's Italy correspondent.

1:53.0

He has been supported up until now by a four-party coalition, but one of the smaller parties, Italia Viva, has been spoiling for a fight.

2:06.1

It's led by Matteo Renzi, the former Prime Minister, who basically has accused the government

...

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