Draghi, former head of the European Central Bank, said Italy is facing a “difficult moment” after being tasked by President Sergio Mattarella with forming a new government.
“I am confident that… unity will emerge and with it the ability to give a responsible and positive answer to the appeal of the President of the Republic”, said Draghi, following a meeting with Mattarella at noon on Wednesday.
Draghi will now try to create a coalition to replace that led by outgoing premier Giuseppe Conte.
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The Milan stock market opened 2.3 percent higher on Wednesday following the news Draghi was being considered for the top job.
President Sergio Mattarella called in Draghi for talks after Italy's ruling parties failed to agree on a new government following a split last month that forced Conte to resign.
Draghi, an Italian economist credited with saving the eurozone at the height of the debt crisis in 2012, is expected to try to put together a 'government of national unity' to navigate the still-raging pandemic.
Alongside the ever-mounting death toll, the country's economy shrank 8.9 percent in 2020 – the biggest slump since the end of World War II.
Mattarella has stressed the urgency of creating a stable government and avoiding elections during the pandemic, which hit Italy first among European nations and has been devastating.