Whatever It Takes in Italy?
With deft and bold action, Mario Draghi's unity government in Italy can go some way toward addressing the COVID-19 emergency, laying the groundwork for long-term economic recovery, and restoring Italians' confidence in their political leaders. But he cannot do it alone.
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BOLOGNA – In 2012, then-European Central Bank President Mario Draghi pulled Europe from the depths of economic crisis with his famous promise to do “whatever it takes” to save the euro. Now, Draghi’s native Italy is hoping he can save it, too, by leading a new unity government. But even for “super Mario,” success is far from guaranteed.