Italian Prime Minister Mario Draghi has said he is ready to rebuild the governing coalition and that the surge of support in recent days cannot be ignored.
Speaking in the Senate today, Draghi’s remarks signaled an easing of the government crisis that erupted last week and threatened to plunge the country back into turmoil.
“The only way, if we want to stay united, is to create this pact from scratch, with courage, altruism, credibility,” Draghi told the Senate, signaling he is ready to remain prime minister if his coalition government is revived.
In the first part of his speech in the Senate, Draghi emphasized that last year he was asked to create a government to deal with the pandemic, as well as the economic and social emergencies.
Broad support from all but one party allowed his government to act quickly and pass reforms, he stressed.
“I think that a prime minister who has never faced the voters needs the broadest possible support from the Parliament,” Draghi stressed.
After his statements, the Italian stock market surrendered initial losses and recorded a rise of 0.5%, while yields on 10-year Italian bonds fell by 13 basis points to 3.2% and the spread with the German bond narrowed by 11 basis points to 194 , which is the lowest level in the last seven-plus days.
Source: Capital
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