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Italy’s Instability Deepened By “Pigsty” Law

So bad it is universally known as the “pigsty”, Italy’s electoral law is at the centre of political instability that is stoking fears the euro zone’s third-largest economy could topple into a Greek-style debt crisis.

Market jitters over whether Italy is heading for a default that would probably destroy the euro have been aggravated by uncertainty over what will happen when respected technocrat Prime Minister Mario Monti steps down for elections next spring.

Those worries are compounded by confusion over what electoral system will be used, with time running out for politicians to keep years of promises to replace the law.

The remarkably resilient “porcellum” or pigsty law was passed in 2005. It robs the electorate of the power to choose candidates directly, voting instead for a fixed list selected by party leaders under a proportional system.

Source: Reuters

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