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Nicolas Baverez: "Italy: the Draghi moment"

2021-04-26T23:04:33.038Z


CHRONICLE - By appealing to Mario Draghi in February as a last resort to form a government, President Mattarella seems to have given him an impossible mission


Mario Draghi is preparing to detail the 221 billion euros investment plan to rebuild Italy, which is playing its last chance to escape an economic collapse and financial default.

The stakes are just as decisive for the European Union and the euro zone: Italy's recovery depends not only on Europe's participation in the global recovery, but also on the continued integration of the continent and the survival of the euro.

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Can the technocrat, Mario Draghi, become a real head of government?

Coming after the sovereign debt crisis of 2011, then the influx of migrants, the Covid epidemic leaves Italy bloodless and unable to recover without external help.

The peninsula was the first country affected by the pandemic due to the large Chinese community in the north of the country.

It recorded nearly 4 million sick and 120,000 dead and suffered in 2020 the strongest recession since the Second World War.

The banker who saved the euro in 2014 could be the man of a new Italian miracle and thus play a central role in the Union after the epidemic

The epidemic has thus revealed the extent of the ills of a country that has become a sick man

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Source: lefigaro

All news articles on 2021-04-26

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