ADVERTISEMENT

Last Updated:
2024-09-22 08:21:10

Mario Draghi

Italian economist and former Prime Minister of Italy.
Italian economist and former Prime Minister of Italy.

Mario Draghi, a prominent economist, served as President of the European Central Bank and Prime Minister of Italy. Known for his leadership during the Eurozone crisis, he was praised for his monetary policies and nicknamed 'Super Mario'.

Community for Timeline Editors
Place where unique editors like you interact
48/74
1947-09-03
Mario Draghi's Birth

Mario Draghi was born on September 3, 1947, in Rome. He pursued his education in economics and went on to have a successful career in global financial and economic organizations.

1970
Mario Draghi graduates from Sapienza University of Rome

In 1970, Mario Draghi graduated with honors in economics from the Sapienza University of Rome. His graduation dissertation was titled 'Economic integration and the variation of exchange rates'.

1976
Mario Draghi's Doctorate from MIT

In 1976, Mario Draghi received a doctorate in economics from the Massachusetts Institute of Technology (MIT), marking a significant milestone in his academic and professional journey.

1977
PhD in Economics from MIT

In 1977, Mario Draghi obtained a PhD in Economics from the Massachusetts Institute of Technology (MIT).

1991-01
Director General of the Italian Treasury

From 1991 to 2001, Mario Draghi served as the director general of the Italian treasury, where he played a central role in reducing Italy’s public debt, annual budget deficits, and stabilizing interest rates and currency exchange rates.

1999
Italy's Bid to Join European Economic and Monetary Union (EMU)

Italy's bid to join the European Economic and Monetary Union (EMU) in 1999 was supported by Mario Draghi's experience as a board member for Italian banks and corporations, including Banca Nazionale del Lavoro and Istituto per la Ricostruzione Industriale.

2002
Mario Draghi joins Goldman Sachs

In 2002, Mario Draghi moved into investment banking by joining Goldman Sachs' international arm as vice-chair and managing director. During his time at the company, he played a key role in developing the company's strategy in the European market and worked closely with large European corporations and governments.

2005-12
Appointment as Governor of Banca d'Italia

In late 2005, Mario Draghi was appointed as the governor of Banca d'Italia, also known as the Bank of Italy, which is the central bank of the country.

2006
Election as Chair of the Financial Stability Forum

A few months after becoming the governor of Banca d'Italia, Mario Draghi was elected to the position of chair of the Financial Stability Forum, an organization focused on investigating and promoting global financial stability.

2009
Renaming of the Financial Stability Forum to Financial Stability Board

In 2009, the Financial Stability Forum was renamed to the Financial Stability Board, with Mario Draghi continuing his role in the organization, which brought together central banks and governments to promote global financial stability.

2011-08-05
Contribution to Domestic Political Debate

On 5 August 2011, Mario Draghi made a notable contribution to domestic political debate when he published a letter to the Italian Government recommending a series of economic measures that should urgently be implemented in Italy.

2011-11-01
Mario Draghi appointed as President of the European Central Bank

Mario Draghi formally took up the role of ECB President on 1 November 2011, succeeding Jean-Claude Trichet. His appointment was signed-off by EU leaders after winning the support of Italian prime minister Silvio Berlusconi and the recommendation of the Council of the European Union.

2011-11-03
Mario Draghi becomes President of the European Central Bank

Mario Draghi assumed the position of President of the European Central Bank in November 2011.

2012-07-26
Mario Draghi's 'Whatever It Takes' Speech

Mario Draghi declares at a conference in London that the ECB is ready to do whatever it takes to preserve the euro, reassuring the markets and calming borrowing costs for eurozone governments.

2013-11-14
Mario Draghi reassures global markets about the stability of the euro

Mario Draghi took office and quickly reassured global markets about the stability of the EU’s shared currency. His bold assertion that 'the ECB is ready to do whatever it takes to preserve the euro' came to be seen as the turning point of the crisis.

2015-03
Mario Draghi's 'Whatever It Takes' Speech

Mario Draghi delivered a speech where he used the phrase 'Whatever It Takes' to express the European Central Bank's commitment to save the Euro. This speech is considered pivotal in the efforts to stabilize the Eurozone.

2019-10-24
Mario Draghi steps down as ECB chief

Mario Draghi steps down as the President of the European Central Bank after serving in the position for eight years. His leadership has been crucial in implementing monetary policies to stabilize the Eurozone economy.

2019-10-31
Mario Draghi Completes Term

Mario Draghi completes his term as the President of the European Central Bank, to be succeeded by Christine Lagarde.

2021-02-03
Mario Draghi invited to form national unity government

On 3 February, Italian President Mattarella invited former ECB President Mario Draghi to the Quirinal Palace to charge him with forming a national unity government. Draghi accepted the offer and began consultations with political party leaders.

2021-02-10
League and FI leaders announce support for Mario Draghi

On 10 February, League leader Matteo Salvini and FI leader Silvio Berlusconi jointly announced their support for Mario Draghi, while FdI leader Giorgia Meloni stated that her party would go into opposition.

2021-02-11
Mario Draghi becomes Prime Minister of Italy

Mario Draghi, an Italian economist, academic, banker, and civil servant, assumed office as the Prime Minister of Italy on February 11, 2021. He was invited to form a government of national unity in the midst of the COVID-19 pandemic in Italy, following the resignation of Giuseppe Conte.

2021-02-12
Mario Draghi presents list of ministers to President Mattarella

On 12 February, Mario Draghi met with President Mattarella at the Quirinal Palace and presented his list of ministers for the national unity government.

2021-02-13
Draghi government sworn in

On 13 February, the Draghi government was sworn in at 11:00 AM UTC. It was composed of twenty-four ministers, eight women and sixteen men, most of them from Northern Italy, largely from Lombardy and Veneto, and contained representatives from all supportive political parties, as well as numerous independent technocrats.

2021-02-17
Approval of the Draghi Government by the Senate

On 17 February 2021, the Senate approved the Draghi government with a significant majority, marking the third largest majority garnered by a government in the history of the Italian Republic.

2021-02-18
Affirmation of Support for the Draghi Government by the Chamber of Deputies

The following day, the Chamber of Deputies affirmed its support for the Draghi government with a substantial majority, consolidating the government's position.

2021-03-15
Imposition of 'full lockdown' conditions in Italy

On 15 March 2021, Draghi placed the majority of Italy under 'full lockdown' conditions, in response to an increase in the transmission of COVID-19. Unlike the 2020 lockdown, factories and some other workplaces were allowed to remain open. Draghi vowed that Italy would see its vaccination programme triple in April, reaching 500,000 people per day by that time.

2021-03-16
Phone call with French President Macron regarding AstraZeneca vaccine

On 16 March 2021, Draghi had a phone call with the French President Macron concerning the suspension of the AstraZeneca vaccine and the eventual decisions of the European Medicines Agency that will take a definitive decision on 18 March 2021.

2021-04-06
Draghi's Visit to Libya

Draghi visited Libya to strengthen ties with the Arab country and reduce Turkish and Egyptian influences following the aftermath of the civil war.

2021-04-14
Draghi's Labeling of Turkish President

Draghi publicly labeled Turkish President Recep Tayyip Erdoğan as a 'dictator' and criticized him for his behavior after a meeting with European leaders.

2021-04-16
Announcement of easing restrictions in Italy

During a press conference with his health minister Roberto Speranza, Draghi announced that restrictions will be eased from 26 April, allowing the reopening of bars and restaurants, stating that 'it is possible to look to the future with prudent optimism and confidence'.

2021-07-20
Fall of Italian Government led by Mario Draghi

The Italian government led by Mario Draghi fell on July 20, causing shock in the country due to his unparalleled reputation and authority. His leadership was crucial in Italy's role in the Russia-Ukraine crisis and as a guarantor of benefits from cooperation with the European Union.

2021-10-15
Establishment of mandatory COVID-19 vaccination certificate for the entire work force in Italy

On 15 October, Italy became the first country in the world to establish a mandatory COVID-19 vaccination certificate or a negative test, for the entire work force, public and private.

2021-11-24
Introduction of COVID-19 vaccination certificate for recreational activities in Italy

On 24 November, Draghi announced the introduction of COVID-19 vaccination certificate for all the recreational activities, like cinemas, bars, restaurants and sport games, thus eliminating the possibility of attending one of these activities with a negative test only.

2021-11-26
Signing of the 'Quirinal Treaty'

Draghi signed the 'Quirinal Treaty' with the French president Emmanuel Macron, aimed at promoting the convergence and coordination of French and Italian positions in various matters.

2022-01-05
Introduction of compulsory vaccination for Italian citizens above the age of 50

Amid a new increase in COVID-19 cases following the spread of the highly contagious Omicron variant, the government introduced compulsory vaccination for all Italian citizens above the age of 50.

2022-02-24
Draghi's Condemnation of Russia's Attack on Ukraine

Draghi harshly condemned Russia's attack on Ukraine, calling for an immediate ceasefire and promising support for the exclusion of Russia from the SWIFT network.

2022-03-22
Draghi's Support for Ukraine's EU Membership

Draghi publicly supported the application of Ukraine to join the European Union, breaking with other European leaders.

2022-05-03
Draghi's Address to the European Parliament

Draghi addressed the European Parliament, emphasizing the need for the EU to embrace 'pragmatic federalism' in multiple policy sectors.

2022-06-16
Draghi's Visit to Kyiv

Draghi visited Kyiv alongside French President Emmanuel Macron and German Chancellor Olaf Scholz to discuss various issues such as Ukraine's application to be an EU member and the ongoing Russian war in Ukraine.

2022-07-14
Draghi announces resignation as prime minister

After losing favor with certain members of the coalition government due to his proposals to provide economic stimulus, Draghi announced his resignation as prime minister on July 14, 2022.

2022-07-20
Draghi's resignation and speech in front of the Senate

Mario Draghi officially announced his resignation as prime minister and held a speech in front of the Senate, condemning the positions of M5S and Lega during the last months of the cabinet.

2022-07-21
Dissolution of Italian Parliament and Early Elections

On July 21, 2022, Mario Draghi dissolved the Italian parliament and triggered early elections after facing challenges in rebuilding his coalition following the withdrawal of support from a key spending package.

2022-07-29
Mario Draghi's unity government in Italy collapses

In July 2022, Mario Draghi's unity government in Italy collapsed due to political parties' anticipation for the approaching end of the legislature.

2022-09-20
World Statesman Award presented to Mario Draghi

Mario Draghi received the World Statesman Award presented by Henry Kissinger at the 57th Annual Awards Dinner in New York.

2022-09-23
Assessment of Mario Draghi's legacy as Italian Prime Minister

In September 2022, an assessment was made of Mario Draghi's legacy as the Italian Prime Minister, as Italians prepared to go to the polls.

2022-10-22
End of the Draghi Government

The Draghi government's term ended on October 22, 2022, after being in office for almost 20 months.

2023-07-07
Mario Draghi Becomes Prime Minister of Italy

Mario Draghi, an Italian economist, assumes the role of Prime Minister of Italy in 2023.

2024-02-23
Draghi Urges EU to Ready Huge Investment

Mario Draghi urged the EU to prepare for a significant investment as the world order shifts.

End of the Timeline
Mario Draghi
Become an Editor of Timeline Wiki
Become an Editor of
Timeline Wiki
USD $0 for creating and editing infinite number of timelines after sign up.