{"id":23894,"date":"2022-07-25T06:59:01","date_gmt":"2022-07-25T06:59:01","guid":{"rendered":"http:\/\/egrowonline.com\/?p=23894"},"modified":"2022-07-25T06:59:01","modified_gmt":"2022-07-25T06:59:01","slug":"italian-pm-mario-draghis-resignation-will-have-ripple-effects-in-europe-npr","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=23894","title":{"rendered":"Italian PM Mario Draghi’s resignation will have ripple effects in Europe : NPR"},"content":{"rendered":"


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\n Mario Draghi has agreed to stay on as a caretaker prime minister for Italy. Elections are scheduled for September.<\/p>\n

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Andreas Solaro\/AFP via Getty Images<\/p>\n

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Mario Draghi has agreed to stay on as a caretaker prime minister for Italy. Elections are scheduled for September.<\/p>\n

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Andreas Solaro\/AFP via Getty Images<\/p>\n

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Italian officials and voters alike are mulling over Prime Minister Mario Draghi’s resignation last week \u2013 and experts say it’s for good reason. <\/p>\n

Draghi was appointed to office in February 2021. For the past year and a half, Draghi has been heralded for his role in leading Italy out of a health and economic crisis. Many hoped for Draghi’s guidance as Europe faces soaring inflation and Russia wages war against Ukraine. <\/p>\n

He’s been credited for restoring Italy’s economy and reputation. Now, experts warn that both hang in the balance as uncertainty grows in Italy and Europe at-large.<\/p>\n

“Mario Draghi was such a trusted pair of hands across Europe,” said Christopher Way, an associate professor in government at Cornell University who specializes in European politics. “He was so respected for his competence that it’s a loss no matter who replaces him.” <\/p>\n

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Italy is slated to hold early elections on Sept. 25, but it will likely take several additional months before a new coalition government is formed. (Back in 2018, it took 90 days after parliamentary elections <\/a>for a new government to be sworn in.) <\/strong>Until then, Draghi has agreed to stay in office as a temporary caretaker at President Sergio Mattarella’s request. <\/p>\n

The fall of Italy’s current government <\/h3>\n

Known as the national unity government, various parties throughout the spectrum of Italian politics joined together <\/strong>in response to the pandemic. For a while, the government had a rare period of stability, according to Way.<\/p>\n