Draghi Foresees an Italy-EU Deal, Reminds Rome of Need for Trust

European Central Bank President Mario Draghi said he’s “always been confident” that Italy can reach a deal with the European Union in the standoff over the nation’s budget, adding a veiled admonition about trust to his home country.

“Trust hinges on two features: one is respect of the rules, the second one is convergence,” Draghi told the European Parliament in Brussels on Monday. “If countries, no matter why, diverge, they become inherently weaker, and therefore it’s very difficult to trust them.”