(Recasts with talks failing) By Angelo Amante and Crispian Balmer ROME, Feb 2 (Reuters) - Talks to revive Italy's ruling coalition have failed, the sm.
2/3/2021 3:39:09 PM GMT
Over the past month we have seen improvements in the daily numbers of new COVID-19 cases across Europe except for France, Spain and Portugal, where cases are still rising. We expect lockdowns well into March as well but with gradual easing during Q2 on the back of the improving weather conditions and roll-out of the vaccine. On the vaccine front the European Medical Agency approved the third vaccine, AstraZeneca, which is set to deliver 40 million doses to EU during Q1. However, the AstraZeneca shot are less effective at only 62% and especially for people aged 65+. Lastly, positive news from both Pfizer and Moderna on effectiveness against COVID- 19 variants (both UK and South African) has decreased the probability of the tail risk scenario of a COVID-19 variation cycle in 2022, given reasons for still remaining our cautiously optimistic view on the Euro area,
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MILAN, Feb 3 (Reuters) - Italy’s borrowing costs fell sharply on Wednesday after former European Central Bank chief Mario Draghi accepted the task of trying to form a new government and said he was confident of securing sufficient backing in parliament.
After receiving a mandate from President Sergio Mattarella, Draghi said he hoped for unity from political forces as well as society at large. He said he would return to Mattarella to tell him of the outcome of his talks, without giving a time frame.
After weeks of political uncertainty, markets cheered the prospect of the trusted former central banker taking over at a time when Italy is grappling with the resurgent COVID-19 pandemic and its worst recession since the end of World War Two.
Former ECB chief Draghi appointed to form Italy s new gov t russiaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from russiaherald.com Daily Mail and Mail on Sunday newspapers.
February 03, 2021
Former ECB president Mario Draghi has agreed to form a new Italian government amid the country s political crisis over coronavirus recovery funds.
ROME Former European Central Bank (ECB) president Mario Draghi has agreed to form a new Italian government amid the country s political crisis over coronavirus recovery funds.
Italian President Sergio Mattarella gave Draghi, 73, a mandate to do so on Wednesday after negotiations between political parties failed to produce a government coalition. I thank the President of the Republic for the confidence he gave me in giving me the task to form the new government, said Draghi.
He told reporters that he was committed to ending the pandemic, completing the vaccination campaign and relaunching the country. Mattarella told Italians on Tuesday night that they had no choice but to form a new government.