Mario Draghi and Emmanuel Macron call on EU to reform fiscal rules EU fiscal rules Italian Prime Minister Mario Draghi and French President Emmanuel Macron have called on the EU to reform its fiscal rules. In joint article published yesterday on the Financial Times, the two argued that even before the pandemic, the bloc’s fiscal rules were in need of reform as they are “too obscure and excessively complex”, constraining [...]
Italy to enter third national lockdown over Easter following spike in Covid cases Italy will enter its third nationwide lockdown over the Easter weekend as the country struggles to curb a fresh spike in coronavirus cases. Non-essential shops will be shuttered across the country between 3 April and 5 April, when Italians will only be allowed to leave their homes for work, health or emergency reasons. The decree, [...]
Super Mario’s back: Former ECB boss Draghi sworn in as Italian prime minister Super Mario's back: Former ECB boss Draghi sworn in as Italian PM Mario Draghi, former head of the European Central Bank (ECB), has been sworn in as the new prime minister of Italy. Draghi has taken the reins as the head of a unity government formed after the coalition government led by Giuseppe Conte collapsed last month. Following weeks of talks, all but one of Italy’s main [...]
‘Super’ Mario Draghi accepts mandate to try and form the next government in Italy February 3, 2021 'Super' Mario Draghi accepts mandate to try and form the next government in Italy
Coronavirus and policymaking: Mario Draghi didn’t just say ‘whatever it takes’ March 24, 2020 These are unprecedented times. Our lives as we know them have been upended: the comforts of routine squarely thrown out of the window and replaced with a combination of anxiety and dread. The coronavirus pandemic of 2020 is a black swan that no one saw coming (though we should have been better equipped) and has [...]
DEBATE: Is Christine Lagarde a smart pick to take over from Mario Draghi at the European Central Bank? July 4, 2019 Is Christine Lagarde a smart pick to take over from Mario Draghi at the European Central Bank? Yes, says Pierre Ortlieb, an economist at OMFIF Christine Lagarde’s tentative appointment reflects the challenges that the ECB will face in its third decade. Post-crisis unconventional monetary policy and the Bank’s prominence in the continent’s capital markets have [...]
The inflation target is just the start for the next ECB president May 30, 2019 With the EU elections out of the way, the horse-trading over a host of top EU jobs, including who replaces Mario Draghi as president of the European Central Bank (ECB), will ratchet up. By the European Council meeting on 20-21 June, a successor to Draghi should become clear. The new president’s most urgent task is [...]
What will happen to the Eurozone when Mario Draghi steps down? May 20, 2019 Back in 2012, Mario Draghi committed to do “whatever it takes” to put the euro back on track. This influential statement brought the euro crisis to an end, and proved so powerful that precautions to safeguard the Eurozone, such as the Outright Monetary Transactions facility, did not need to be used. With Draghi’s term as [...]
Consumer confidence falls in both Eurozone and EU April 23, 2019 Consumer confidence in both the Eurozone and the European Union fell in April, in news that will cast further gloom on a region that has been struggling economically in 2019. Read more: Euro falls as weak Eurozone data triggers slowdown fears The European Commission’s monthly consumer confidence indicator dropped by 0.7 points in the euro [...]
Can European banks be saved by mergers and a fresh round of deal making? April 16, 2019 The comparisons with US peers just got a lot harder for European banks after a strong showing from JP Morgan to kick off earnings season. But could there be fresh revenue on the way for European investment banks, even if it is of their own making? There’s a mooted capital raising for Deutsche Bank before [...]