EU preparing 'further countermeasures' to protect its interest, von der Leyen says    911 emergency centers handle over 2.8 million calls in March    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Saudi Arabia posts SR49.8 billion travel surplus in 2024 as visitor spending hits SR153.6 billion    Saudi Arabia urges stronger global action to protect children in cyberspace at UN    Israel announces expansion of military operation in Gaza to seize 'large areas' of land    US cancels visa of Nobel Peace Prize winner Oscar Arias    Danish prime minister refutes US claim on Greenland on visit to the Arctic territory    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Cristiano Ronaldo joins Fatal Fury: City of the Wolves    Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



ECB ex-chief Mario Draghi appointed Italy's next PM
Published in The Saudi Gazette on 13 - 02 - 2021

Mario Draghi was officially appointed Italy's Prime Minister on Friday evening following a meeting with President Sergio Mattarella.
The former European Central Bank chief and his Cabinet of ministers are to be sworn in on Saturday.
Draghi's administration will take office next week after winning the approval of both houses of the Italian parliament.
He has filled his cabinet with a mix of technocrats, including the Bank of Italy's deputy governor Daniele Franco, and politicians from various parties.
The vote of confidence should be a formality after a majority of lawmakers indicated they would support him.
Italy's government crisis was triggered last month when former prime minister Matteo Renzi's Italia Viva party withdrew its support from the coalition — which also comprised the left-wing populist Five Star Movement (MS5), the center-right Democratic Party (PD), and a left-wing parliamentary group.
Although Italia Viva currently polls at around 3 percent, its lawmakers were crucial to Conte, a lawyer who was first nominated prime minister in June 2018 by the coalition formed by MS5 and the far-right League party.
Conte resigned after surviving two confidence votes in the hope of being able to form a new coalition but failed.
Mattarella, who had previously said he is against calling new elections in the midst of the COVID-19 pandemic, then called on Draghi, 73, to try to form a coalition.
MS5, the largest political force in Italy's government, formally backed Draghi for prime minister on Thursday following an online ballot of its members in which 59.3 percent of the 74,500 who took part voted in favor of a government helmed by the former European central banker.
Draghi had by then already secured the support of PD, the center-right Forza Italia party of former prime minister Silvio Berlusconi, Italia Viva, and the League — enough to win the confidence vote in both houses.
Who's on Draghi's team
Daniele Franco, 67, is to take the helm of the economy ministry. The deputy governor of the Bank of Italy, where Draghi was once governor, is considered one of the best experts on public finances on the peninsula.
Among the familiar faces are Luigi di Maio, a senior member of MS5, who remains Foreign Affairs Minister. Roberto Speranza, from the small left-wing LEU party, will continue to shepherd the country through the pandemic as Minister of Health, while Luciana Lamorgese, a technocrat, retains her role as Minister for Interior.
Draghi also announced the creation of a "super-ministry" for Ecological Transition. It will be led by renowned physicist Roberto Cingolani.
What's awaiting them
The economy will be the main focus of the government. Italy is the euro zone's third-largest economy but it has been ravaged by the pandemic, registering the worst fall in GDP in the euro area with an 8.9 percent contraction in 2020
It currently has the euro zone's second-highest public debt behind Greece, amounting to 158 percent of GDP.
The first task for the government will be to decide on how to spend the 209 billion euros the country will receive from the EU as part of the bloc's Recovery Plan to kick-start the economy. The government needs to present its plans to Brussels for approval in April. Disagreement over what should be prioritized and who should control the funds is what triggered the collapse of the coalition last month.
The pandemic will also continue to be front and center. Italy is the worst impacted country in the EU with more than 93,000 deaths and 2.6 million confirmed cases.
Vaccinations, which the country initially rolled out fast have since slowed significantly due to delivery delays. More than 3.6 million have been administered at least one shot, with 1.2 million receiving the two jabs, according to figures from the Health Ministry.
The Gimbe Health Science Foundation said on Thursday the country needs "decisions to be taken quickly because the progression of the virus and its variants is certainly not slowed down by the government crisis." — Euronews


Clic here to read the story from its source.