The biggest challenge for Italy's new Prime Minister may not be Covid-19, but trying to maintain legitimacy as an unelected government in a deeply divided Italy, says Simon Baptist from the EIU.
Lorenzo Castellani, historian at LUISS Guido Carli, said Mario Draghi is stabilizing a very fragmented Italian parliament, but his government might not last for more than a year.
Axel Merk of Merk Investments believes that Italy stands to benefit with ex-European Central Bank chief Mario Draghi in government, but he expects greater challenges for Draghi compared to when he ran a central bank.
Mario Draghi, former ECB president, is likely to become the next prime minister of Italy, according to reports. Wilfred Frost joins 'Closing Bell' to report.
Italy plunges into fresh political turmoil, but Professor Mattia Diletti from Sapienza University of Rome is optimistic that the Italian political institution can survive this crisis.