Tag "Mario Draghi"
Italy’s Presidential Election: What Comes Next?
On 29 January 2022, after eight rounds of voting, Italy re-elected Sergio Mattarella as President of the Republic. To many, this result came as a surprise, because Mattarella himself had clearly expressed his intention to step down based on moral grounds: while not expressly forbidden by the Constitution, the re-election of an incumbent head of state should be avoided–as then President Antonio Segni put it in a speech delivered in 1963 and recently cited by Mattarella–because the sheer possibility of it may create incentives for the incumbent to engage in acts meant to favor his or her re-election, de facto calling into question the impartiality of the President.
Italy Battles Continued Challenges to Political Stability
Italian politics has undergone radical change in the last year. As the Covid-19 pandemic continues, new Prime Minister Mario Draghi faces the challenge of leading a stable Government that can secure Italy’s roadmap to freedom from the virus and overcome the related economic hardship. At the same time, two of the major parties in Italian politics, the democratic Party and the Five Star Movement have experienced ideological fragmentation and are seeking new political identities.
European monetary policy faces another crisis: Is the ECB effectively leading the way?
In a little over a decade the European Central Bank found itself fighting three considerable crises: the Great Recession in 2008, the sovereign-debt crisis in 2011-2012 to today’s pandemic-induced recessions. The Euro is a project without precedent and under Mario Draghi the ECB was a leading actor in world monetary policy. In 2019, Christine Lagarde became the new president of the ECB. How does she compare?
The Week Ahead
OPEC meets with non-OPEC producers. UK Court reviews May appeal. ECB to extend bond buying. Trump mulls candidate for Sec. of State. Ghana elects new president.
ECB expansionary monetary policy at odds with Berlin
When Draghi began his tenure in 2011, Berlin was supportive in light of their informal influence over ECB. This relationship has since deteriorated sharply.
Scrapping the €500 bill highlights ECB-Berlin policy rift
The decision to scrap the €500 bill increases the risk of tensions between the ECB and Berlin and highlights both actors diverging policy interests.
Weekly Risk Outlook
Investors meet to discuss Brazil woes. Chancellor builds case for UK “In” campaign. Primaries in New York remain decisive. Obama meets with GCC nations. ECB announces rates. All in the Weekly Risk Outlook. Latin Finance
Weekly Risk Outlook
Governor to add to Brexit debate. Chinese government signals growth may slow. Primaries test Attack-Trump’s success. Syria talks resume. ECB issues rate decision. All in the Weekly Risk Outlook. Bank of England Governor
Labeled a model for the EU, Ireland goes to the polls
The next Irish general election will probably see the current leader re-elected. But the potential for intense coalition negotiations is here and Ireland is set to move slightly away from
Weekly Risk Outlook
ECB speech after signals of new stimulus. Iranian President travels to Europe. Bank of England officials testify. Conferences highlight oil price collapse. Bank of Japan surprise with policy shift. All in the Weekly Risk
