Mario Draghi, the former leader of the European Central Bank who has been credited with saving the euro in 2012, has been tapped by Italy’s President Sergio Mattarella to be the new Prime Minister to help the country emerge from economic fallout from the coronavirus outbreak.
Now in charge of the EU’s third-largest economy, Draghi worked at the World Bank and Goldman Sachs.
U.S. Treasury Secretary Janet Yellen, who was head of the U.S. Federal Reserve from 2014-2018, told the Wall Street Journal in 2019 that Draghi should receive “straight A’s” for his performance in stabilizing the bond market at the time. Yellen said Draghi’s phrase, “Whatever it takes” would “go down in the annals of central banking history.”
Draghi has been tasked with how to effectively spend the €200 billion-plus relief package for Italy that was raised through debt offerings by the bloc.
TRENDPOST: With Draghi’s unblemished track record with the Goldman Sachs Gang, the World Bank, and the European Central Bank, the evidence is crystal clear: the Banksters are in charge of Italy.
Despite both the Five Star Movement and the Northern League, movements that had campaigned on breaking away from the European Union, doing away with the euro, and restoring the lira… both parties voted for Draghi to become Prime Minister. Thus, the populist movements and what they pretended to represent are dead in Italy.
