For the first ten months of 2019, the European Central Bank (ECB) will still be chaired by Mario Draghi. His term, which lasted for eight years, cannot be further extended. In the meantime, Heads of State and Government will ponder the choice of his successor. During this last period of Draghi’s presidency, difficult decisions are expected, which the Board of Directors will have to take in a concerted manner while promoting harmony and continuity as the presidency changes.
Italy and European integration: general background
Despite periodical, yet relatively short fluctuations, support for the European Union (EU) has been a virtually constant guideline in Italian foreign policy for a number of reasons, notably EU’s perceived role as a vehicle of pan-European geopolitical stability, economic re-distribution and socio-cultural modernisation.