Italy’s Five Star, Democrats Make Progress on Coalition Talks

The transcript discusses the political crisis in Italy, focusing on the potential new coalition between the Five Star Movement and the Democratic Party. Giuseppe Conte may remain as Premier, while Matteo Salvini could be ousted, avoiding early elections. The market favors this potential coalition due to its likely cooperation with Brussels. However, negotiations have stalled over job allocations within the coalition. President Mattarella has set a hard deadline for forming a new majority, or else new elections will be called. Salvini's strategy appears flawed, as his support wanes. Internationally, President Trump expressed support for Conte's continuation in office.

What role does the President of the Italian Republic play in the current political crisis?

How did Salvini misjudge the political situation according to the text?