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Salvation by banker: why Mario Draghi will not save Italy

A new technocratic government will only deepen the crisis of Italian democracy

By Lucia Rubinelli   April 2021

Italian prime minister Mario Draghi. Photo: Independent Photo Agency Srl / Alamy Stock Photo

On 3rd February, Italy’s president, Sergio Mattarella, tasked Mario Draghi, former president of the European Central Bank, with the creation of a new government. The move followed three whirling weeks in which former prime minister Matteo Renzi pulled the plug on Giuseppe Conte’s government, a coalition led by the anti-system Five Star Movement and the centre-left Partito Democratico.

This move, which left everyone dumbfounded, was allegedly motivated by disagreement over how to spend the EU’s “Next Generation” Covid recovery funds. After a clumsy attempt to stitch together a new majority in parliament, Conte was forced to resign. Mattarella…

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