| UPDATED: 17:46, Tue, Feb 23, 2021
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ECB conference: Mario Draghi discusses policy stance
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The former President of the European Central Bank, Mario Draghi, has been sworn-in as Italy's next Prime Minister. Mr Draghi, a prominent economist, accepted the top role on February 12 and later that day read out a list of ministerial picks designed to create consensus among political parties. Italy's government crisis was triggered in January when former Prime Minister Matteo Renzi's Italia Viva party withdrew its support from the coalition, amid a row over how to spend the €200billion (£174.5bn)-plus that Rome is poised to receive from the EU’s coronavirus recovery fund.