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

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …