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Who is Carlo Cottarelli, the technocrat set to be Italy's next PM?

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Who is Carlo Cottarelli, the technocrat set to be Italy's next PM?
Carlo Cottarelli arriving at the presidential palace. Photo: Alberto Pizzoli/AFP
07:57 CEST+02:00
Carlo Cottarelli, a former International Monetary Fund director, will face an uphill battle to form a technocrat government for Italy in the midst of a deep political crisis and populist rage at the financial "elite".

Cottarelli, 64, was given a mandate to form a government by President Sergio Mattarella after talks between the head of state and populist parties on the cusp of forming a new government fell apart over the inclusion of eurosceptic Paolo Savona as economy minister.

READ MORE: Italy in fresh political chaos amid calls to impeach the president

Cottarelli's appointment has already attracted the wrath of the anti-establishment Five Star Movement and nationalist League, which have denounced a "premeditated" strike from Mattarella and European "lobbies" against their proposed coalition government.

The chances of the economist gaining approval for any technocrat government are slim, as Five Star and the League boil with anger at their own coalition stumbling on the home straight.

League leader Matteo Salvini said that Cottarella was a "Mister Nobody" who "represents financial institutions", while the head of Five Star Luigi Di Maio laughed off his chances of ever gaining the endorsement of a parliament in which his and Salvini's parties command a majority.

"They've replaced a government with a majority with one that won't obtain one," said Di Maio to supporters at a rally near Rome.

Cottarelli first joined the IMF in 1988, following six years in the Bank of Italy's Monetary and Financial Sector Division. He was director of the IMF's fiscal affairs department from 2008 to 2013 and became known as "Mr Scissors" for making cuts to public spending in Italy while charged with the revision of public spending by Enrico Letta's short-lived centre-left government.

Looking back on his time under Letta, Cottarelli lamented the resistance of bureaucrats in Rome to help him carry out his role, claiming that "often I wasn't even given the documents I asked for".

In 2014 Letta's successor, Matteo Renzi, nominated him as the IMF's executive director for Italy, Greece and Malta before leaving the institution in October 2017.

Since then Cottarelli has worked as director of the Public Accounts Observatory at the Catholic University of Milan, and as a TV pundit he has offered a string of warnings about the economic cost of the Five Star and League's joint government programme, which includes huge tax cuts and a ramping up of welfare spending.

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Photo: Vincenzo Pinto/AFP
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