International

Draghi sworn in as Italy PM

ROME, FEB 13 (AGENCIES) | Publish Date: 2/13/2021 12:15:27 PM IST

Former European Central Bank chief Mario Draghi has been formally sworn in as Italy’s new prime minister. The swearing in comes after weeks of economic stability in Italy. Draghi is tasked with plotting Italy’s recovery from the pandemic.

He must immediately set to work on plans for how to spend more than €200 billion in European Union funds aimed at rebuilding the recession-bound economy.

Known as Super Mario for doing “whatever it takes” to save the eurozone, Draghi has put together a national unity government involving all but one of Italy’s political parties.

He was sworn in by President Sergio Mattarella after the previous centre-left coalition under premier Giuseppe Conte collapsed.

Italy has been severely impacted by the pandemic that hit almost a year ago.

More than 93,000 people have died and the country is facing its deepest recession since World War II.

Draghi has spent the last ten days assembling a broad-based coalition and last night formally accepted the post of prime minister in a meeting with Mattarella.

He spoke only to read out a list of his cabinet - a mix of technocrats, veteran politicians and existing ministers - but will return today to be formally sworn in at the presidential palace.

Following today’s swearing-in, Draghi will be presented to the upper-house Senate on Wednesday followed by the Chamber of Deputies on Thursday for a confidence vote which will give the final official blessing to his government.

Draghi’s Government includes the populist Five Star Movement (M5S), the centre-left Democratic Party (PD) and Italia Viva - who made-up the previous government and then fell out over the handling of the Covid-19 pandemic.

M5S, the biggest party in parliament which began life as an anti-establishment movement, was split over whether to support a government led by an unelected technocrat.

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