Rome

ECB chief Mario Draghi not considering Italian presidency

'Draghi will finish ECB term through 2019'

ECB chief Mario Draghi not considering Italian presidency

(see related) Rome, January 15 - Mario Draghi is determined to finish his term as European Central Bank chief and is not considering becoming Italian president, an ECB spokesperson said Tuesday. "His mandate lasts eight years, until October 31, 2019, and the president is determined to complete his term," said an ECB statement. Earlier Tuesday, ex-premier Silvio Berlusconi said that his People of Freedom (PdL) party would vote to have Draghi named Italian president if he were among the possible candidates. Former Bank of Italy governor Draghi became ECB president in November 2011 and he has widely been credited with saving the euro by announcing plans last year to support the bonds of states facing soaring borrowing costs. The seven-year term of Italian President Giorgio Napolitano is coming to an end and the current head of state has said he will not seek another.

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