NewsBite

Mario Draghi

October

Residential buildings in Shanghai.  Fiscal and monetary stimulus to fire up the property market have been good for shares.

China’s stock rally for the ages shows power of crowds

It could take months until we know the real economic impact of Beijing’s latest stimulus round. But markets are not hanging around to find out.

  • Katie Martin

September

US Federal Reserve chairman Jerome Powell.

The Fed needs to avoid becoming passive-aggressive

Adjusting policy in a timely manner to sustain economic expansions is difficult. Given the lags in policy transmission, the time to reset the funds rate has arrived.

  • Andrew Law

May 2023

Giorgia Meloni says she has not yet decided whether to terminate Italy’s participation in the signature foreign policy program of China’s President Xi Jinping.

Italy to hold talks with China about exiting Belt and Road Initiative

Rome was firmly rebuked by Washington and Brussels when it joined China’s ambitious Belt and Road Initiative in 2019, the only G7 country to do so.

  • Amy Kazmin and Yuan Yang

April 2023

Kazuo Ueda, governor of the Bank of Japan , arrives at the central bank’s headquarters in Tokyo, Japan, on Monday.

Ueda kicks off first change of BoJ governorship in a decade

As the first academic to head the 140-year-old institution, Kazuo Ueda has so far struck a neutral tone on monetary policy.

  • Toru Fujioka and Sumio Ito

January 2023

.

The coming financial contagion

A sustained wave of monetary tightening could expose unexpected vulnerabilities in the global financial system.

  • Kenneth Rogoff
Advertisement

October 2022

Matteo Salvini, Italy’s deputy premier, congratulates Giorgia Meloni after her speech.

Italy’s Meloni vows to work with EU in first major speech

The far-right prime minister was seeking to reassure member states over her support for the bloc’s policies and Ukraine.

  • Silvia Sciorilli Borrelli
Jeremy Hunt is now both the public face of the government and its leading decision maker.

If Westminster is Hogwarts, Jeremy Hunt is head boy

A growing number of Tory MPs argue Britain’s new chancellor should be made prime minister; others ask why the party needs to bother when Hunt is really in charge.

  • Adrian Wooldridge

September 2022

Giorgia Meloni

Victory to Italian right is no lurch into extremism

Most Italian premiers don’t last a full term. If it turns out differently for Giorgia Meloni, that might well be her biggest achievement of all.

  • Updated
  • Tony Barber
Officials prepare ballots papers in Rome as polling stations opened in Italy’s general election.

Far-right firebrand poised to be Italy’s new PM

Polls have opened in Italy’s national elections, and parties on the far-right are leading the race to form the next government in Rome

  • Chiara Albanese and Marco Bertacche
Matteo Salvini, from left, Silvio Berlusconi, and Giorgia Meloni, during a  final election campaign rally in Rome.

Italy set to elect most right-wing regime since WW II

Italians head to the polls after the collapse of widely respected Mario Draghi’s government in July.

  • Alvise Armellini and Rodolfo Fabbri
The ECB’s last rate cut to minus 0.5 per cent in 2019 proved highly controversial in savings-obsessed Germany.

End of an era prompts the question: Did negative interest rates work?

Critics of negative interest rates insist the policy damaged European lenders, while some central bankers say it boosted loan growth.

  • Martin Arnold and Kana Inagaki

August 2022

Why you won’t hear Italy’s next PM say the F-word

Giorgia Meloni is burying her party’s fascist roots and focusing instead on the cost of living crisis, as she looks to become Italy’s first female prime minister.

  • Nick Squires
Giorgia Meloni, the head of Brothers of Italy, is the front-runner ahead of Italy’s September election.

Mario Draghi isn’t coming to Italy’s rescue any more

The sooner the Italian Democratic Party realises it can’t ride on the technocrat’s coattails, the better its chances will be in next month’s vote.

  • Maria Tadeo

July 2022

Ukraine President Volodymyr Zelensky (centre) with, from left, Italy’s former prime minister Mario Draghi , German Chancellor Olaf Scholz, French President Emmanuel Macron and Romanian President Klaus Johannis in Kyiv in June.

Europe’s fight to stay united over war in Ukraine

The EU has shown solidarity against Russia’s invasion, but with soaring inflation, a cost of living crisis and possible energy rationing, leaders now face a daunting test.

  • Guy Chazan, Sam Fleming and Amy Kazmin
Giorgia Meloni: “They say Europe worries about us in government? I bet they do: we’re patriots.”

Right-winger Giorgia Meloni likely to be Italy’s first female PM

Of concern for many in the EU is her staunch Euroscepticism, but she seems ready to capitalise on it in election campaigning

  • Sofia Barbarani
Advertisement
On the outer: Mario Draghi.

Economic storm clouds gather over Europe

The ECB jacked up interest rates, the Italian PM quit and triggered an election – and bond markets reeled. The risk of a new eurozone crisis is growing.

  • Updated
  • Hans van Leeuwen
Italian PM Mario Draghi waves to MPs at the end of his address at the Parliament in Rome.

Draghi resigns as PM, throwing Italy into political chaos

His resignation brings an end to a government seen to have had a once-in-a-generation opportunity to unlock the nation’s economic potential and set it on a higher growth trajectory.

  • Updated
  • Amy Kazmin
Food shopping in Madrid. The ECB is expected to raise rates by a modest 25 basis points.

ECB to join rate rise camp, BoJ stands firm

The European Central Bank is preparing to raise interest rates for the first time in more than a decade on Thursday in an effort to arrest crippling inflation nearing double-digits.

  • Cecile Lefort
On the outer. Mario Draghi in the Senate on Wednesday.

Italy thrown into chaos as Draghi’s coalition abandons him

The prime minister’s plan to strong-arm his fractious coalition allies into line failed, effectively ending the unity government he’s run since February 2021.

  • Updated
  • Chiara Albanese and Alessandro Speciale
European Central Bank president Christine Lagarde is bringing down the curtain on ultra-low interest rates.

ECB wrestles with an impossible situation

The European Central Bank is about to raise rates for the first time in 11 years to curb record inflation. But that could deepen Germany’s energy crisis or trigger an Italian debt bomb.

  • Martin Arnold and Sam Fleming

Original URL: https://www.afr.com/person/mario-draghi-omri-1n25