The political leader of the Brothers Of Italy, Giorgia Meloni.The political leader of the Brothers Of Italy, Giorgia Meloni.

Italians are going to choose the country's first female prime minister and the first far-right government since World War II.

According to an exit poll, the Fratelli d'Italia (Brothers of Italy) party is set to gain a lot of votes. The party is part of a broad right-wing coalition with Lega and other parties.

According to exit polls, the alliance is set to win 42% to 45% of the vote, which will give it a majority in the parliament. The election results will be projected early Monday.

A new government might only come to power in October as it takes weeks to reach political consensus. The vote could mark a big political shift for a country with ongoing economic and political instability.

After the death of fascist leader Benito Mussolini in 1945, a new neo-fascist movement emerged in Italy. A speech from Meloni helped her become a household name when a DJ changed her words into a dance song.

Brothers of Italy and Meloni used their position in opposition to catapult into the mainstream after winning 4% of the vote. In order to appeal to a more moderate center-right majority in Italian society, Meloni has taken a number of measures.

The technocrat who was forced out by political infighting in July is still in power. Six months before they were due to be held, a snap election was held in the EU's third largest economy.

70 governments in 77 years: Why Italy changes governments so often

The war in Ukraine, an energy crisis and inflation are some of the issues being watched by the European region. The Brothers of Italy are in favor of reform of the EU in order to make it less influential on domestic policy.

The next government should cut sales taxes on certain goods in order to alleviate the cost-of-living crisis, and Italy should reexamine its Covid-19 recovery funds with the EU. The party has supported sanctions against Russia.

Relations with the rest of Europe are feared to change by politicians from the center- left. When it came to Europe, Italy could either stay in the top tier of economies or be reprimanded, according to the leader of the Democratic Party.

The first option is to stay in the first division. The big European countries are referred to as the first division. He said during the Ambrosetti economic forum in September that the second option was to be demoted to the second division with Poland and Hungary.

It would be a disaster if Italy chose the second division.

Italy's Letta says the country was on the right track, hopes to convince voters to stay the course

Holly Ellyatt is a correspondent for CNBC.