[The Conservative] Whatever It Really Takes

The new Italian PM is best placed to reset the European project back to where the saviourship for which he is known is no longer needed. He won’t do it, but he should.

© Reuters

Mario Draghi’s forming of a new Italian government is being cheered across the Eurocracy with a hero’s welcome. There would likely be no European Union (EU) to speak of had not the former European Central Bank (ECB) President massaged the Davoisie into giving the loss-of-confidence-stricken Eurozone one last chance in the wake of Greece’s 2012 bailout. But Draghi returns to a supranational project unrecognizably changed since his famous “whatever it takes” speech — just not in the way Eurocrats think it has.

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