FORMER ECB CHIEF MARIO DRAGHI TAPPED TO LEAD ITALY AS GOVERNMENT COLLAPSES | WHAT REALLY HAPPENED

FORMER ECB CHIEF MARIO DRAGHI TAPPED TO LEAD ITALY AS GOVERNMENT COLLAPSES

The day may have finally come for "Super Mario" to take the reins in his chaotic home-country of Italy and lead it back to the path of capitalism-driven prosperity before its banking system collapses. But what will the "whatever it takes" central banker ethos mean with Draghi now responsible for one of the most fiscally-frayed major powers in Europe?

After a series of earlier votes, Giuseppe Conte, who was brought in as an apolitical compromise PM just a couple of years ago by a tenuous coalition of the Five Star movement and The League, Italy's popular right-wing anti-migrant party. The League's leader, Matteo Salvini, was ousted in the summer of 2019 after attempting to force another election in which The League would (at least in theory) walk away with enough votes for Salvini to expel his pesky coalition partners.

But that's not how it went.

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