Prime Minister of Unity government in Italy: Mario Draghi
On Saturday, when the Prime Minister called on to confront the coronavirus crisis and economic slump at the head of a unity government, the Italian president swore in the former chief of the European Central Bank, Mario Draghi.
Including the financial ministry and new green transition portfolio, as well as technocrats in key posts are all part of his cabinet that also include lawmakers from across the political spectrum. All but one of Italy’s major parties have rallied to his side.
Draghi now has much responsibility on his shoulders.
He has been given the task to plot the recovery of Italy from the pandemic and he must also work on plans on how to spend more than 200 billion euros ($240 billion) in European Union funds that was aimed at building the recession-bound economy.
If he does the task properly, Draghi will support the entire eurozone, that have been bound to Italy`s perennial problems for a long time. The success of the task will prove to Italy’s sceptical northern allies that the entire bloc is fortified by offering funds to the poorer south.
But he has to face many challenges. Italy is at its worst downturn due to World War 2. Hundreds of people in Italy are still dying due to COVID-19 each day. The vaccination campaign there is going on slowly and there is less time to sort thing out there.
The polls in Italy are about to return in two years. There is no possibility that Draghi will be able to stay that long. It also heads a coalition that includes parties with radically opposing views on issues such as immigration, justice, infrastructure development and welfare.
Draghi’s government is the 67th to take office since 1946 and the seventh in the last decade alone, this highlights Italy`s political instability.
Italy is still fighting with the pandemic and is also facing its worst economic crisis in decades.
The country has recorded more than 93,000 deaths, the sixth-highest death toll in the world.