Italy has seen 11 governments in 20 years, and Sunday's snap contest came after unelected Prime Minister Mario Draghi, a former central banker, announced his resignation in July following the collapse of his unity government amid a worsening cost-of-living crisis.
"For too many years, Italy has been stuck in a cycle: a merry-go-round in which power is passed up between failed career politicians, unelected technocrats, and opportunistic populists," said DiEM25, a pan-European progressive movement co-founded by former Greek Finance Minister Yanis Varoufakis. "One of these populists—an openly fascist one—is now set to become the country's new leader."
"To break with this cycle, Italians must now repeat what their ancestors once did: defeat fascism," the group added. "But not for the return of the politics-as-usual that brought the fascists to power in the first place."
Varoufakis argued Monday that the far-right's surge to power in Italy represents another "colossal failure" by the European establishment and its disastrous economic policies that have worsened inequality for the benefit of elites.
"Yesterday's Italian elections signal the absorption by the European and NATO establishment of Italian neo-fascism," said Varoufakis. "The specter of fascism may once again be hovering over Europe. But, as in Greece, it is now fully integrated—and continues its misanthropic work—within the oligarchic European establishment."
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