Draghi succeeds in formation attempt and goes to work as Italian Prime Minister | NOW

Mario Draghi, the former chief of the European Central Bank (ECB), confirmed on Friday that he can form the new government for Italy. The new prime minister succeeds Giuseppe Conte, who saw his coalition government fall apart.

After about a week of consultations, Draghi succeeded in getting almost all parties into parliament. The largest Italian party, the Five Star Movement (M5S), also expressed support for the approach of the 73-year-old economist.

Luigi Di Maio, party leader of the M5S, will remain in the new government as Secretary of State. Giancarlo Giorgetti (Lega) will become Minister of Industry. Daniele Franco becomes the new director of Italy’s central bank.

President Sergio Mattarella appealed to Draghi when, after the fall of the previous government, it became clear that a new cabinet under Conte was out of the question.

He achieved fame as ECB director from 2011 to 2019 and is seen in Italy as the savior of the eurozone. Draghi takes the oath on Saturday.

Source: NU by www.nu.nl.

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