German Finance Minister: Draghi 'true European'

German Finance Minister Olaf Scholz on Monday hailed Italy's new premier Mario Draghi as well-experienced in fiscal policy and a "true European."

Scholz made the comments ahead of a meeting between the finance ministers of the EU nations that use Europe's single currency.

He said Draghi represented "intelligent politics" and was "internationally well-connected," adding this would mean measures to tackle the financial impact of the pandemic could be accelerated.

Mario Draghi, the man largely credited with saving the euro currency, took the helm as Italy's premier Saturday.

He has assembled a government of economic experts and other technocrats along with career politicians from across the spectrum to guide the pandemic-devastated nation toward recovery.