Only History will judge if Mario Draghi has been superb or not.
From my humble point of view, the former Goldman boy just initiated the biggest bubble in Finance on Earth and “japanified” the Eurozone…
He never solved any problems, he just postponed them to the next generations. The USA and China have the smallest GDP drawdown and the greatest recovery rate… And guess what??? Both are not “benefiting” from negative rates…
Anyway, any new prime minister will be in charge of spending the estimated €200bn in loans and grants Italy is set to receive from the EU’s Covid-19 recovery fund, the largest absolute amount in the bloc.
If these funds, hailed as a pivotal show of pan-EU solidarity, fail to avert Italy’s multi-decade economic decline then the consequences will be felt far beyond its own borders.
As we can observe, the algorithms are already sniffing around and react to the following equation: Draghi at ECB = bull European Govies then if Draghi at Prime Minister in Italy = Bull Italian Assets.
Trust me, stop to study economy and finance: so simple to invest now…