Skip to content

Chastened Draghi Buys Time to Fix Italy After President Miss

  • Italy to maintain stability with compromise vote for president
  • Election revealed the weakness of parties; Draghi tested
Video player cover image
WATCH: Sergio Mattarella will stay on as Italy’s head of state and Mari Draghi remains as prime minister.Source: Bloomberg
Updated on

Mario Draghi’s failed bid to become Italian president has tarnished the aura that helped him keep a fractious coalition in line. But the damage suffered by the country’s main political parties means that the prime minister may still have the leverage to push through his agenda in the final year of his mandate. 

After six days of chaotic voting and fraught behind-the-scenes negotiations, Italian lawmakers on Saturday opted to keep Sergio Mattarella as head of state. To break a deadlock and salvage the situation, Draghi himself called the 80-year-old president and persuaded him to put off his much-publicized plans for retirement, according to two people familiar with the situation.