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Retail

Conad CEO: Italy Needs To ‘Act Fast‘ To Establish A New Government

The chief executive of Italian retailer Conad, Francesco Pugliese, has told ESM: The European Supermarket Magazine that he hopes that the country will be able to form a government “in a hurry”, following Sunday’s general election results.

While the Five-Star Movement (M5S) emerged as the party with the highest number of seats, the election result has left an impasse in which there are now three distinct blocs: centre-right, centre-left and the M5S, with none of these earning enough to form a majority government.

Analysts are pointing to a number of scenarios, including the formation of a populist partnership between the M5S and the right-wing Lega party, or the M5S and the centre-left Democratic Party, but discussions could take days, if not weeks.

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