Draghi/Bank of Italy: Super Mario’s first task

Mario Draghi will never be more powerful as the Bank of Italy’s governor than on his first day in office. So now is the time for bold action - to ensure that the catharsis now under way in Italian banking is carried through to completion. What this means is making a clean breast of all the machinations, favouritism and politicking that went on under his predecessor, Antonio Fazio. The Antonveneta scandal - under which Fazio apparently rigged the takeover battle to try to hand the bank to Banc...