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An uphill task for Mario Draghi
Updated:
Updated:
February 08, 2021 22:09 IST
The former president of the ECB faces the unenviable job of bringing Italy’s rival parties on board
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The former president of the ECB faces the unenviable job of bringing Italy’s rival parties on board
It won’t be an easy ride in Rome for Mario Draghi, the man who soothed Europe’s financial markets in 2012 with his bold declaration to do “whatever it takes” to save the euro during the eurozone’s sovereign debt and banking crises. Less than 15 months after he stepped down as President of the European Central Bank (ECB), when his negative interest rates policy was criticised for sucking money out of savers, he now finds himself thrust to the centre of Italy’s fractious politics.