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Draghi and Italy future depends on Berlusconi
Silvio Berlusconi, the veteran populist four-times Italian prime minister, appears a credible candidate as the next president of the republic. At the same time he faces a possible conviction in impending trials over various alleged misdemeanours. This juxtaposition underlines the quirky nature of Italian politics. And it explains why financial markets and European policy-makers will be on tenterhooks for weeks awaiting Berlusconi’s decisions on the political future of Prime Minister Mario Draghi, currently chief guarantor of Italian stability. Italy’s political system is seriously fragmented. Draghi’s ... (full story)