![]() ![]() More than anything, his speech called for action in a pivotal year for the country, especially as an end-of-April deadline looms for presenting a plan to the European Union on how Italy intends to spend the more than 200 billion euros - about $240 billion - in Covid relief funds that the bloc has agreed to allot.Ī proponent of what he has called “good debt,” Mr. “The virus is everyone’s enemy,” he said. Draghi said inoculations needed to take place quickly and efficiently in every available public and private space, as any hope for easing Italy’s economic pain and guaranteeing the country’s recovery and future depended on first defeating the virus. Whereas the previous government came under criticism for what some considered a frivolous vision of flower-shaped pavilions as coronavirus vaccination sites, Mr. In the past decade, Italy’s populists rose in popularity in part by questioning whether the country benefited from the single European currency or would be better off without the economic constraints that come with it. In a speech largely devoid of politics, he offered one sharp brushback to the populist forces in his government after one of their leaders raised doubts about Italy’s commitment to remaining in the eurozone. But he also laid out a vision for ambitious fiscal and bureaucratic overhauls and reasserted the country’s commitment to playing a central role in a more integrated European Union. He articulated Italy’s existential challenges, which he called the most severe since World War II. A former European Central Bank chief, he sounded every bit the bank president delivering an economic outlook, and said his government had “the possibility, or rather the responsibility, to begin a new reconstruction” after the traumatic blow of the pandemic. Draghi addressed the Italian Senate for an hour through a white mask before a confidence vote for a broad unity government that he is assured to win. ![]() In his first speech as head of government, Mr. ROME - Italy’s new prime minister, Mario Draghi, appealed on Wednesday for unity and sacrifice as the country pushes forward with vaccinations and seeks to seize on a $240 billion European relief package to overhaul the economy and address persistent inequalities. ![]()
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