Former ECB chief Draghi appointed to form Italy s new govt Xinhua | Updated: 2021-02-04 09:35 Share CLOSE Former chief of European Central Bank (ECB) Mario Draghi speaks to the press at the Palazzo del Quirinale after a meeting with Italian President Sergio Mattarella in Rome, Italy, Feb 3, 2021. [Photo/Xinhua]
ROME - Former chief of European Central Bank (ECB) Mario Draghi was appointed to form Italy s new government, the office of President Sergio Mattarella said on Wednesday. This morning, the president of the Republic has received Professor Mario Draghi, to whom he has assigned the task of forming a new government, Secretary-General of the Italian Presidency Ugo Zampetti told a press conference.
Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.
Former ECB chief Draghi appointed to form Italy s new gov t--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
4 Min Read
ROME (Reuters) - Former European Central Bank chief Mario Draghi started talks on Thursday on forming a new Italian government as the largest party in parliament as the 5-Star Movement, softened its initial hostility to his appointment.
Former European Central Bank President Mario Draghi pauses as he speaks after his meeting with Italian President Sergio Mattarella at the Quirinale Palace in Rome, Italy February 3, 2021. Francesco Ammendola/Presidential Palace/Handout via REUTERS
The centre-left Democratic Party (PD) gave Draghi its backing but it was still unclear whether he could muster a majority after Matteo Salvini’s right-wing League said it would not support a government backed by 5-Star.
The economic challenges facing Italy s Super Mario
Issued on: 3 min
Milan (AFP)
Political instability and the worst recession since World War II Mario Draghi, the former European Central Bank chief brought in to rescue his native Italy, has some major challenges ahead.
Here are the main economic issues facing Draghi if he succeeds in forming a new government:
- Historic recession -
The eurozone s third-largest economy is struggling, battered by the devastating effects of the coronavirus pandemic.
It recorded one of the worst falls in gross domestic product (GDP) in the eurozone last year, with the economy shrinking 8.9 percent the worst drop since the end of World War II.