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Mario Draghi Sworn In as Italy's New Prime Minister
Posted
February 13, 2021
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8,536
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February 13, 2021
8,536
69
66
1.58%
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1:26Now PlayingFormer European Central Bank chief Mario Draghi was on Saturday sworn in as Italy's new prime minister at the Quirinale presidential palace in Rome.
This came a day after he accepted the Italian president's bid to form a new government, announcing a Cabinet of experts mixed with experienced political hands, at once seeking to reassure financial markets and tame a potentially unruly coalition of former rivals.
The formation of a broad-based government of national unity was widely expected after most political parties across the spectrum signaled their support for Draghi.
Italy is at a critical juncture as it battles the health and economic consequences of the pandemic, which first struck the country hard almost one year ago.
Draghi, who is credited with having saved the euro as ECB chief, will have the job of spending the huge pool of EU funds recovery funds to relaunch Italy’s economy, badly damaged by a seven-week near-total lockdown last spring and rolling restrictions starting in the fall.
The swearing-in ceremony will be followed by votes of confidence in both houses of Parliament, expected early next week.
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