Investors bet on Draghi to avert apocalypse in Italy

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Investors bet on Draghi to avert apocalypse in Italy

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Foto Roberto Monaldo / LaPresse 03-02-2021 Roma Politica Quirinale - Dichiarazioni del Presidente del Consiglio incaricato Mario Draghi Nella foto Mario Draghi 03-02-2021 Rome (Italy) Quirinale palace - Statements by Mario Draghi In the pic Mario Draghi | Roberto Monaldo/LaPresse LaPress/PA Images

Relief swept through secondary bond markets when Mario Draghi agreed to form a new government to steer Italy through the pandemic. But he must tread a narrow and treacherous path if he is to succeed and primary capital markets are to feel any lasting benefits. As Lewis McLellan and Tyler Davies report, next week will show whether Thursday’s burst of optimism was justified.

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