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Mario Draghi ushers in the counter-revolution but he can’t save Italy

The country is being placed fully under a disguised Troika to ensure that EU payments from the Recovery Fund are not misused for patronage, and therefore to ensure that northern paymasters allow the money to flow.

This episode is more ambiguous than the institutional coup against Silvio Berlusconi, defenestrated in 2011 after he threatened to take Italy out of the euro. 

On that occasion a former EU commissioner was installed in charge. Mario Monti was a well-meaning statesman but the experiment failed. 

It led to the Lega-Five Star backlash

Ambrose Evans-Pritchard Telegraph 3 February 2021


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