Draghi clears final hurdle to officially form Italian government

The government of new Italian Prime Minister Mario Draghi on Thursday cleared its last hurdle to taking power as it overwhelmingly won a confidence vote in the Chamber of Deputies. Draghi got through with a 535-56 vote, and five abstentions, thanks to the support of the two largest parties in the legislature. On Wednesday, the 73-year-old former European Central Bank (ECB) chief had won a vote of confidence in the upper chamber 262-40. Draghi was tapped to take the helm of Italy’s politics after the last government, led by then-prime minister Giuseppe Conte, collapsed in January amid a fight a…

Read More

HEDGE accordingly