Newly elected Italian PM Mario Draghi focused on pandemic recovery aid

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Mario Draghi, the man credited with largely saving the euro currency, formally took the helm as Italy’s premier, after crafting a government that balances economic experts and technocrats with career politicians from across the spectrum to guide the pandemic-devastated nation toward recovery, AP reports.

President Sergio Mattarella tasked Draghi, a former chief of the European Central Bank as well as of Italy’s central bank, with trying to form a government up to managing the Covid-19 health, economic and social crises.

Politicians from parties that have spent years demonising each other set aside differences, at least for now, and agreed to join a Draghi government. That political backing will be crucial in parliament, where Draghi must put his government to the test next week of mandatory confidence votes.

Political cooperation will also improve chances of speedy passage of spending packages and other legislative priorities so Draghi can lead the nation into recovery.

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