Italy's Draghi concludes consultations on forming government

Former European Central Bank chief Mario Draghi concluded political consultations to form a new Italian government on Tuesday after securing backing pledges from nearly every party represented in parliament. The country’s last government, led by Giuseppe Conte, collapsed last month after the defection of a coalition party. The Italian president subsequently tasked Draghi with forming a government not beholden to political forces to see off the dual health and economic crises. Draghi did not put out a statement after the conclusion of consultations on Tuesday but can now move forward with forgi…

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HEDGE accordingly