The Draghi Power Triangle
Italy's new prime minister, Mario Draghi, is not solely someone whose credibility in financial markets can lower the Italian borrowing costs and boost Italian stock prices. As he showed in his maiden address, he is a student of history, with strong democratic values and strategic capabilities that Europe badly needs.
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STANFORD – Mario Draghi’s first speech as Italy’s prime minister made clear that his national unity government will not only be about domestic Italian politics and policy reforms, but about Europe, too. Draghi has signaled nothing less than a dramatic reconfiguration of European policymaking, with major consequences for Europe and the European Union’s relations with Russia and the United States.