“The ECB is ready to do whatever it takes to preserve the euro and, believe me, that will be enough.” This phrase, spoken on July 26, 2012, is the greatest symbol of the management of Mario Draghi, the new Prime Minister in charge of Italy, at the head of the European Central Bank.
Eight and a half years ago, the Italian faced growing distrust from investors regarding the future of the largest monetary integration project on the planet. With indebted states pushing the euro towards the abyss, Draghi decided to make it clear that he would spare no resources to avoid the currency's collapse. And he avoided it.
With a determined action, the Italian left the ECB in October 2019 as the person largely responsible for saving the euro and now takes on one of the most delicate missions of his career: forming a new government to help Italy from a political crisis in the midst of the coronavirus pandemic. Covid-19.
This Wednesday (3) he received the mission of forming a new government in Italy and called for “unity” so that the country can face a “difficult moment”.
Draghi, who “reserved the right to accept”, announced that he will begin consultations with all parties to examine whether he can count on a stable majority in Parliament to replace the government led by the current prime minister Giuseppe Conte.
“This is a difficult time. The president (Sergio Mattarella) recalled the dramatic health crisis, with the serious effects on people's lives, the economy and society”, he declared to the press, after officially receiving the request to form the government.
“I trust in the unity of political parties and parliamentary groups”, he added.
Draghi, 73 years old, with extensive experience in managing Italian and European economic policy, will not have an easy path. (With information from Handle)
