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World: Italy-Parliament will begin to vote to designate the next President

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Italy - Politics / President (photo): Italy-Parliament will begin to vote to designate the next President

Rome, January 24 (Reuters) - The Italian Parliament Start up to vote on Monday to elect a new President of the Republic, Prime Minister Mario Draghi among the most prominent candidates in a very open ballot that will be closely followed by the financial markets.

A college of a thousand large voters - mainly the elected officials of the two Houses of Parliament - must designate the successor of the current head of state, Sergio Mattella, for a term of seven years.

The election of the President of the Republic takes place by a two-thirds majority during the first three ballots and then at the same basis absolutely if necessary.

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Mario Draghi has made it clear that he wanted to become president. But the former boss of the European Central Bank (ECB), aged 74, is not guaranteed to get the job.

Other political figures are considered possible candidates, such as the former President of the Chamber of Deputies Pier Ferdinando Casini, the former leader of the Council of Ministers Giuliano Amato or the current Minister of Justice Marta Cartabia.

Silvio Berlusconi, who benefited from the support of the center-right block, said on Saturday having decided not to appear in the presidential election.

The Italian President has essentially honorary and ceremonial functions, but it is also responsible for resolving political crises, which makes him a key player in a country where governments do not remain on average.

Neither the center-right or center-left block have sufficient voice to impose a candidate of their own camp, which means that a compromise will be necessary to avoid a prolonged impasse. (Report Angelo Amante; French version Camille Raynaud)

Factbox-Parties and leaders contesting Portugal's snap election .
Factbox-Parties and leaders contesting Portugal's snap electionFollowing are snapshots of the main parties and leaders contesting the vote:

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