Mario Draghi Italy Eu president economy Government Coronavirus Mario Draghi Italy Eu

Italy's Draghi wins support of 2 rival parties for new govt

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MILAN – Italian Premier-designate Mario Draghi on Saturday secured preliminary support from two key parties for forming a new government that will decide how to spend more than 200 billion euros ($240 billion) in European Union funds to help relaunch Italy's pandemic-ravaged economy.

The populist 5-Star Movement and the right-wing League both signaled support for a Draghi-led government, saying they were ready to put aside bitter rivalries for the good of the country and increasing the potential for a broad-based government of national unity.

Draghi, 73, the former president of the European Central Bank completed a first round of talks with political parties this week.

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