Ex-ECB Chief Draghi Accepts Mandate to Form Italy Government

  • President turns to Draghi after Conte comeback bid failed
  • Premier-designate will now sound out parties for support
President Sergio Mattarella receives Mario Draghi at the Quirinale Palace in Rome, on Feb. 3.Photographer: Anadolu Agency/Italian Presidency/Getty Images
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Former European Central Bank President Mario Draghi accepted a request from Italy’s head of state to try to form a government that will tackle the twin emergencies of the coronavirus pandemic and a devastating recession.

Draghi, who played a pivotal role in steering Europe out of its sovereign debt crisis, took on the mandate of premier-designate with conditions -- a normal procedure in Italian politics -- after meeting head of state Sergio Mattarella at the presidential palace in Rome.