One hesitates to criticise the remarkable Mr Draghi,

the Machiavelli of modern Europe, and like his political forebear an Italian patriot to his core.

Output is still five percentage points below where it was in 2008.
Italy today has a current account surplus near 4pc of GDP. It no longer has an obviously overvalued exchange rate against northern Europe.

Italy has been under a technocrat government several times over the last 20 years. What these regimes all have in common is a suppression of politics for the sake of Italy’s euro membership, the sacred cow of the economic and media elites.

The boldest move was the defenestration of Silvio Berlsuconi in 2011 after he dragged his feet on EU demands during the eurozone debt crisis. The ECB orchestrated his downfall, acting in concert with Italy’s pro-EU poteri forti. 

Former EU Commissioner Mario Monti was parachuted into Rome to push through budget cuts and pension reforms largely dictated by the EU authorities.

Ambrose Evans-Pritchard Telegraph 2 February 2022

https://www.telegraph.co.uk/business/2022/02/02/end-italys-mario-draghi-illusion/