The EU’s current core budget is worth around €1.2 trillion, hardly a small number.

Italy will hold a snap national election on Sept. 25 after Prime Minister Mario Draghi resigned following the collapse of his national unity government, sending tremors through financial markets.

Italian Premier Mario Draghi has told his Cabinet he will offer his resignation on Thursday evening to the nation’s president, following the refusal of a populist coalition ally to support a … ...

Draghi, determining that the unity he considered necessary to govern had lapsed, submitted his resignation, but the country’s president urged him to give it one more shot.

Draghi’s broad coalition government — which includes parties from the right, the left, the center and the populist 5-Star Movement — was designed to help Italy recover from the coronavirus ...

Draghi has support from all but one of Italy’s major parties. But they are unnatural allies, and before Draghi came along, they had been rarely able to find common ground.

Draghi, 73, is generally regarded as quiet and media-shy. He largely owes his reputation in Italy to his work during the financial crisis.

Draghi stressed that the ECB must adhere to its official mandate to "maintain price stability" by managing interest rates. However, he acknowledged that the single currency faces "short-term ...

Mario Draghi is coming to the end of his run as president of the European Central Bank. His successor will face big problems with few obvious solutions. The Italian central banker, whose eight ...

Mario Draghi’s Back — With a Lot of Work to Do. A ‘whatever it takes’ approach to changing Europe's economic fortunes is exactly what's needed. September 18, 2023 at 2:00 AM EDT.

European Central Bank President Mario Draghi launched a robust defense of his controversial bond-buying program, telling German lawmakers that the ECB was forced to act to defend the stability of ...