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Rome (dpa) – The former head of both the European Central Bank (ECB) and the Italian government, Mario Draghi, lamented on Monday over the “leadership vacuum” stemming from weakened leadership in France and Germany.

“The Franco-German leadership is weakened,” Draghi said at an awards ceremony in the Italian city Milan. “But I see no other leadership capable of leading Europe into a common future. There is a leadership vacuum, but we must be patient and await the results of the elections in Germany.”

Draghi was referring to the dissolution of Germany’s centre-left government coalition in – which is expected to lead to new elections in February – and the ouster of French government leader Michel Barnier. French President Emmanuel Macron has vowed to quickly name a new prime minister.

Draghi was the head of the ECB from 2011 to 2019. Later, he led the government in his homeland Italy in 2021 and 2022. 

A few weeks ago, he published a report on the future of the European Union on behalf of the then European Commission. In his speech, he spoke of “difficult moments” for Europe. At the same time, Draghi called for optimism in order to achieve something. “Because if you are pessimistic, you stay at home,” he said. (10 December)

The editorial responsibility for the publication lies with dpa.