Mario Draghi Appointed as Italian PM

Can the man who saved the euro save Italy?

As everyone would expect of the former President of the ECB, Governor of the Bank of Italy and Executive Director of the World Bank, Mr. Mario Draghi is certainly not new to public speeches. Yet, this time, as he stood in the Senate chamber in Rome, he openly admitted to feeling emotional. “I’d like to tell you that, in my long professional life, there has never been a time of such intense emotion and such ample responsibility”.

After weeks of political whirlwind and some rather unexpected turns of events, from February 17th Mario Draghi is the new Prime Minister of Italy.

Let us try to shed some light on the chain of events that brought Mr. Draghi to the premiership, on the plans he has to lead Italy out of the COVID-19 and economic crises, and on how Italy’s relationship with the EU may change now that a figure of Mr. Draghi’s calibre is at the helm.