Government, Meloni collects a heavy legacy from Draghi

There is a wealth of competence, authority and credibility that must be preserved

The most cited handover remains the cold one between Enrico Letta and Matteo Renzi. It was the beginning of 2014, the time of “Enrico, be calm”. Today the bell ceremony instead marks, in a much more relaxed atmosphere, the alternation at Palazzo Chigi between Mario Draghi and Giorgia Meloni. This time it happens in a ‘natural’ way, after the elections and with the opening of a new legislature. However, the inheritance that changes hands is heavymore than on other occasions.

There is a wealth of competence, authority and reliability that must be preserved. It is useless to stop and explain why. Even considering the positions of the most staunch detractors, it is difficult to deny that Draghi represented, during his very difficult 20 months in government, a guarantee for the country, especially on an international level and for his reputation on the financial markets. So far it has been Mario Draghi’s Italy, with a clear identity. From today on it will be Giorgia Meloni’s Italy and the identity is to be built. He will be judged by the facts and the choices he will make, not being able to count on the credit opening enjoyed by his predecessor, as a consequence of his personal history and his previous role at the helm of the ECB. Draghi’s umbrella on Italy’s credibility closes today.

Then there are the economic results, with the country once again growing at a faster rate than other Western countries. They do not depend only on the premier and the government and the situation from this point of view does not seem to play in Giorgia Meloni’s favor. Conditions are worsening, the energy crisis has not yet shown its most damaging consequences, and the hypothesis that we must face a new recession is far from remote. There is also the Pnrr machine, which due to the way it is built does not allow for hesitation, slowdowns or missteps. The relationship with Europe is played out on public accounts and on the implementation of the Recovery plan, which is not only the relationship with Brussels but also the relationship with other European countries and the placement within the alliances, variable, which drive community policy.

Giorgia Meloni, however, can count on her a privileged condition compared to Draghi. You can count on a political majority that, as long as it resolves latent conflicts or at least does not cause them to explode in open wars, can coherently support government action. He had to manage a majority as large as it was uneven, which at the first real useful opportunity showed how much the interests of part, at least the alleged ones, are always ready to prevail over the general interest.

Meloni is not Draghi and he must not try to make Draghi. He has to make his choices, he has to defend them, and he has to make his way. Without dispersing, however, the heavy legacy that he collects today.

(from Fabio Insenga)