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NEWSMAKER-From ECB to Rome, Super Mario Draghi rides to Italy s rescue

Spent career as Treasury official, central banker As ECB chief, guided euro zone through debt crisis Now faces tumult of Italian party politics ROME, Feb 3 (Reuters) - Mario Draghi has never shirked a challenge, from salvaging the reputation of Italy’s central bank to saving the euro. He is about to take on what may be an even tougher task. Little over a year after leaving the presidency of the Frankfurt-based European Central Bank, Draghi, 73, was asked by Italy’s head of state on Wednesday to resolve political chaos in Rome and form the country’s 67th post-war government. For the man whose illustrious career has earned him the nickname “Super Mario”, expectations could hardly be higher, with Italian financial markets rallying and the country’s broadsheets posting banner headlines on “Draghi’s Moment”.

Eurozone news: MEP admits eurozone dysfunctional as Brussels warned of exodus | World | News

In a scathing assessment, the 51-year-old claimed the euro is “highly disadvantageous for Italy” as well as southern Europe, and insisted there needed to be another option to Europe’s single currency. Speaking to Italian news outlet Imola Today, Ms Donato said: “The Eurexit project is a communication, analysis and in-depth tool on macroeconomic issues and the eurozone in particular. “Many Italians share my opinion that belonging to the eurozone is highly disadvantageous for Italy and together we think about possible alternatives to the dysfunctional euro system for the entire southern area of Europe. “It is a topic that is no longer talked about in the media, but that is still discussed among politicians and economists in Europe.”

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