Monday, 22 February 2021 20:17

Italy’s ‘Super Mario’ Draghi wins parliament backing for new government Featured


Italian Prime Minister Mario Draghi on Thursday (18 February) secured final parliamentary approval for his government of national unity, allowing him to focus on his country’s unprecedented health and economic crisis.

The lower house, the Chamber of Deputies, backed the former European Central Bank (ECB) chief and his mixed cabinet team of technocrats and politicians with 535 votes in favour, 56 against and five abstentions.

Given that nearly all parties have lined up behind the new executive, the near-unanimous result was not a surprise. On Wednesday, Draghi overwhelmingly won a first vote of confidence in the Senate, the upper chamber, by a 262-40 margin, with two abstentions.

Italy’s new leader is taking over at a particularly difficult time, as the coronavirus pandemic has killed almost 100,000 people and sent the eurozone’s third-largest economy plunging by a record 8.9% last year.

“There has never been in my long professional life a moment of such intense emotion and so much responsibility,” the 73-year-old economist said in his inaugural speech at the Senate.

He pledged to use “all means” to fight the pandemic, starting with a faster vaccination programme. He also sketched out an ambitious reform plan, in line with European Union expectations.

In the lower house on Thursday, he said his government would have a “constantly forward-looking vision” which “I trust will inspire our common effort towards overcoming this health emergency and the economic crisis”.

Draghi, who has extensive contacts in the EU and the United States, was set to make his international debut as prime minister on Friday, taking part in a virtual summit of G7 nations.

The Brief, powered by FACEBOOK – Before the Dragon crows

The biblical analogies with Italy’s new government are not just confined to the figure of Mario Draghi, they involve his ‘unusual’ new disciples too.

‘Delicate negotiations’

The EU is set to help Italy’s recovery with more than €200 billion in loans and grants during 2021-2026, but in return expects the country to address long-standing structural issues.

Draghi has promised to reform Italy’s stifling bureaucracy, labyrinthine tax code and snail-paced justice system, as well as focus on education, closing the gap on female employment and fighting climate change.

The ex-ECB chief was unexpectedly called in to solve Italy’s political crisis two weeks ago, after the implosion of Giuseppe Conte’s previous centre-left government.

The man known as “Super Mario” for helping save the euro while at the ECB has since won surprisingly wide political backing, including from the far-right, eurosceptic League of Matteo Salvini.

“Me and the League have complete confidence in your government,” Salvini said in the Senate debate, after Draghi warned that supporting him also meant signing up to a more integrated EU and the idea that the euro single currency is irreversible.

Uneasy mix

The ruling coalition also includes the formerly anti-establishment Five Star Movement (M5S), the centre-left Democratic Party (PD), and the parties of ex-premiers Silvio Berlusconi and Matteo Renzi.

The mix is an uneasy one, especially for the M5S. Fifteen of its senators rebelled on Wednesday and voted against the new government, and were told Thursday they would be expelled.

According to Wolfango Piccoli, co-president of the Teneo consultancy, Draghi will need “delicate negotiations to persuade his political backers” to implement his agenda.

Parties have “traditionally pursued policies radically opposed (to Draghi’s ideas) on multiple fronts, including the role of the state in the economy, corporate interventionism and taxation”, he said.

So, his “first 100 days in office should provide a good sense of what is achievable or not, especially concerning reforms that have been side-lined for decades”, Piccoli concluded.

Italy’s new PM Draghi promises sweeping reforms, urges national unity

Prime Minister Mario Draghi called on Italians on Wednesday (17 February) to pull together to help rebuild the country following the coronavirus pandemic and promised his new government would introduce sweeping reforms to revitalise the battered economy.

In his maiden speech …