Political and economic constraints will likely limit any new Italian government’s room for rolling back reform and pursuing unorthodox economic policies, containing risks to Italy’s credit ratings.
By Lisa Pauline Mattackal and Sanjana Shivdas (Reuters) - Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset.
Mario Draghi ushers in the counter-revolution but he can’t save Italy
He was synonymous with defending the euro but he may yet be the man that oversees his country’s exit
3 February 2021 • 8:02pm
Italy has gone through the gears, from democratic revolt against the euro and the country’s pro-EU elites, all the way to the other extreme of a technocrat government under the ultimate Mr Euro, without any election along the way.
The stitch-up has been breath-taking, even for those who thought they had seen it all in Italy. The appointment of Mario Draghi to navigate the dangerous economic waters of the next two years is astute - in one sense - but those in EU circles and the bond markets celebrating this insider