Italy Re-Elects Its President; Draghi Stays On as Prime Minister
- Mattarella chosen after parties failed to find alternative
- Draghi’s government expected to last until 2023 election
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Sergio Mattarella was re-elected as Italy’s president, offering relief to investors by setting up former European Central Bank head Mario Draghi to remain prime minister.
After almost a week of failed votes to elect an alternative candidate, Italy’s deadlocked parliament turned to Mattarella as a last resort to end the political impasse. The 80-year-old president received 759 votes out of 983 cast in the lower house, following a deal between Draghi and Italy’s main parties to back the incumbent.