Carl Bildt, former Prime Minister and Foreign Minister of Sweden, with the view from Europe:

What's happening in Italy and can Mario Draghi fix it?

Mario Draghi will now take over political leadership of Italy as prime minister. That's a very major development. He has a lot of credibility in Europe, certainly, but also in Italy. And I think that he will now have a political momentum for at least a couple of months that I hope that he can use to press through some of these fundamental economic and other reforms that Italy and equally Europe so desperately needs. It's a very major development indeed.