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Draghi Edges Closer to Leading New Italian Government

M. Ali 12 February, 2021 12:28 am Market Update

Former President of the European Central Bank (ECB) Mario Draghi, who was recently named as Prime Minister to form a new technocratic government in Italy has gained the support of a major party, moving a step closer to forming his cabinet.

On Thursday, the majority of the members of the populist Five Star Movement voted to support Draghi to form a new national unity government.

Draghi is expected to present his cabinet picks to the President of Italy, Sergio Mattarella, on Friday.

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