Italy
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Italy’s Draghi leverages the EU Covid fund to push reforms
Former ECB head Mario Draghi has made some adroit moves as Italy’s prime minister. He also has the credibility in Brussels that his predecessors lacked, a clever plan for using the EU’s Covid funds for domestic reforms, and even a measure of good luck. Can a Trojan horse strategy work in a country so resistant to change?
What can be expected from the Draghi government
When it is in dire need, Italy has a history of reaching for figures outside the political spectrum to right the ship of the state. The coming to Rome of former ECB President Mario Draghi fits that pattern, but only to a point.
Italy’s Covid crisis plan: More government intervention
In the Covid-19 crisis, the Italian government sees an opportunity to address the country's long-standing economic ills. Its plan has been to renationalize businesses and use EU funds to boost spending. But as government involvement in the economy increases, foreign investment is being discouraged and private businesses crowded out.
Pandemic opens the door for an Italian conservative
Italian politics has been reshaped by the coronavirus. Dissatisfaction with the populist star Matteo Salvini has meant an opportunity for a new rising figure, Giorgia Meloni. The former Berlusconi minister has brought back the networks and rhetoric of the traditional right wing, while cultivating ties with conservatives in Europe and ...
Italy uses Covid crisis to ramp up nationalization
Italy's left-wing government has decided it won't let a good crisis go to waste. It is using measures ostensibly aimed at curbing the economic crisis and 209 billion euros of incoming EU rescue money to increase its involvement in the economy. Though the meddling is unlikely to bring growth or ...
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