Tag: Mario Draghi

Italian Presidential Election: The Leopard Is Alive and Well

Commentary For over two decades, Italy has been in a phase of stagnation. Despite the obvious need for serious economic and structural reforms, the country is prevented from enacting them for several reasons, but there is one in particular that holds it back: the mentality of the Leopard. This mentality is brilliantly encapsulated in Giuseppe…


Italy’s Draghi Vetoes 3rd Chinese Takeover This Year

ROME—Italy’s Prime Minister Mario Draghi has vetoed the third Chinese takeover in the country since his government took office in February, an official Hong Kong filing by the rebuffed group showed on Tuesday. Zhejiang Jingsheng Mechanical said Rome had blocked its attempt to set up a joint venture with the Hong Kong arm of Applied…


Italy’s Draghi Takes Office, Faces Daunting Challenges

ROME—Mario Draghi, the former head of the European Central Bank, was sworn in as prime minister on Saturday to lead a unity government that has to steer Italy out of the coronavirus crisis and an economic slump. All but one of Italy’s major parties have rallied to his side and his cabinet includes lawmakers from…


Italy’s Draghi Wins Support of 2 Rival Parties for New Government

MILAN—Italian Premier-designate Mario Draghi on Saturday secured preliminary support from two key parties for forming a new government that will decide how to spend more than 200 billion euros ($240 billion) in European Union funds to help relaunch Italy’s pandemic-ravaged economy. The populist 5-Star Movement and the right-wing League both signaled support for a Draghi-led…


Italy’s Draghi Looks to Fractured Parties to Back New Government

ROME—Former European Central Bank chief Mario Draghi was due to start talks with Italy’s divided political parties on Thursday to seek backing for a new government to deal with the entwined health and economic crises. Draghi, one of the most respected figures in Italy who has received a mandate from the head of state to…