Home / Market Update / Draghi Edges Closer to Leading New Italian Government

Draghi Edges Closer to Leading New Italian Government

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.

Check Also

Fed’s Goolsbee: Rates could come down if things stay steady and inflation doesn’t spike

Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday …