Joe Biden Mario Draghi Italy president Government crisis Joe Biden Mario Draghi Italy

Draghi brings market savvy, gravitas to tame Italy's crises

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www.clickorlando.com

MILAN – The former European Central Bank chief credited with helping to save the euro has now been tapped to lead Italy, the eurozone's third-largest economy, out of the pandemic and the worst recession since World War II.

Mario Draghi gained global respect as the head of the European Central Bank for eight years, managing monetary policy for the 19 countries that use the euro, with an economy worth 12 trillion euros ($14.4 trillion).

Draghi, 73, not only has an insider’s grasp of the financial rule book that Italy must follow, but he has the respect of those whose forbearance Italy may require during the difficult months and years ahead. “When Draghi picks up the phone to call the White House, President Joe Biden will answer.

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