Mario Draghi Named Italy’s Prime Minister Amid Crises

Mario Draghi Named Italy’s Prime Minister Amid Crises
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Mario Draghi,

the former head of the European Central Bank, has been named Italian prime minister after persuading nearly all of the country’s squabbling parties to support his government, raising hopes that he can succeed where many others have failed: in leading Italy out of its deep economic malaise.

Italy’s head of state, President

Sergio Mattarella,

appointed Mr. Draghi and his proposed ministers late Friday, ahead of a formal swearing-in to be held the following day and a parliamentary vote of confidence early next week.

Mr. Draghi is set to take over the European Union’s third-biggest economy after Germany’s and France’s as Italy fights with persistently high Covid-19 contagion, an agonizingly slow vaccine…

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