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"Stock prices are in a tailspin, the euro is on the ropes, and even Obama and the United States are at the mercy of the markets." According to Espresso, everything is going wrong, particularly for "poor Italy," which is "at the heart of the storm, with a government under EU supervision that is incapable of taking the necessary measures". As to who is to blame for this situation, the Roman magazine highlights "the mediocrity of our government" — an executive that will soon have to live with an additional "thorn in its side," following the appointment of Mario Draghi, who will take over at the ECB in November. The European Central Bank’s new president is expected "to approve a host of government measures and fiscal adjustments." To date, notes Espresso, Draghi is "planning to reform the pension system," at a time when the prospect of recession is once again weighing heavily on the young generation.
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