LONDON — Famed for rescuing the euro in the grips of a sovereign debt crisis, Mario Draghi is now being asked to help his own country.
The former president of the European Central Bank met Italy’s president, Sergio Mattarella, at lunchtime on Wednesday — a meeting where Draghi was asked to form a technocratic government and solve the ongoing political crisis in Rome over the past month.
Italy’s recent political chaos began when a small party withdrew its support for the fragile coalition government. This meant that the pro-EU cabinet lost the necessary working majority in the Italian Parliament which raised the prospect of a snap election at a time of a severe health and economic crisis.
Draghi accepted the task given to him by the president at a press conference Wednesday lunchtime, saying he would return after establishing whether he’s able to or not. He also noted the grave situation that his country currently faces.