Wednesday, February 3, 2021

Italian President Calls For the Expert

Italian President Sergio Matarella, has called for the expert on EU and Italy: Mario Draghi, former chairman of the EU Central Bank, to attempt a formation of an acceptable coalition in Parliament that can stand the test of time. It is possible he is the one who has respect across the political spectrum in Italy. He is recognized as a experienced in politics at the cabinet level in Brussels with EU leaders and representatives, and with various leaders of Italy's numerous parties including the League, the PD or Democrats, and many small, independents. The pandemic has caused havoc within the country. In addition to a shocking number od deaths related to the Covid virus, the consequent shut downs of many sectors of the economy, and a shutdown of travel to the country, has turned the economy upside down. It is expected to contract over 4% this year. Combine that with high unemployment, and you have a recipe for a long slowdown. Italy has been slow to vaccinate its citizens.

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