Editor's Note: Matteo Giovannini is a finance professional at Industrial and Commercial Bank of China in Beijing and a member of the China Task Force at the Italian Ministry of Economic Development. The article reflects the author's opinions, and not necessarily the views of CGTN.

Last week, the 8-year tenure as the President of the European Central Bank (ECB) came to an end for Mario Draghi. There has been a lot of discussion among government officials, economists, and media about the job that Draghi performed during his time at the ECB, but almost everyone agrees that he protected the Eurozone and saved the Euro currency with his highly celebrated "whatever it takes" attitude. Draghi leaves the presidency of Europe's most powerful financial institution in a more stable condition than when he took the helm in 2011 with a clear mission of continuity for his successor.

Before Draghi's departure, media speculated about a possible trading places between Draghi and Christine Lagarde. But, the Italian politician firmly refused to run for the leading position at the International Monetary Fund(IMF). Instead, he claimed that he is going back home to Italy.

His return comes at a critical time for Italy and could have major effects on the political landscape of the country. In an interview with an Italian newspaper, the former Prime Minister and President of the European Commission Romano Prodi, while recognizing the ability of Draghi to defend the Euro currency using all the available tools from the ECB toolkit, pointed out the strong personality of the former president of the ECB. Prodi described Draghi as a reserved person, but not prudent enough. The "landing" in Italy for Draghi is probably not going to be quiet.

Italy is currently governed by Five Star Movement and Democratic Party. However, the relationship between these two parties is not proceeding well with continuous frictions, and the result in the recent regional elections in Umbria has certified that threat from Matteo Salvini and its Lega Party is definitely not vanished. For this reason many people think that Draghi could lead a new government of technocrats and challenge Giuseppe Conte for the prime-ministership.

Another option taken into consideration sees Draghi as a possible candidate for the Italian Republic presidency in 2022 when Sergio Mattarella ends his tenure. But, it is very unlikely that Draghi will stay for three years without a powerful position. The role of President of the Republic is certainly of total prestige, but it is also a very institutional role. On the contrary to the role of prime minister, which is focused on the day-by-day job like a CEO of a company, this is where Mario Draghi's skills and strong personality could have a major impact.

A last option considers a progressive route that could see Draghi firstly become Prime Minister of a new government and then in 2022 be appointed as President of Italian Republic following in part the path of Carlo Azeglio Ciampi, who became President of the Republic in the early 2000s after becoming the Prime Minister of Italy.

What is certain in Italy right now is that no matter what future role Mario Draghi will take, he is definitely going to be a key person for the country in this historical period of time. Italy could benefit from a person of his stature, someone has been able to accomplish a lot in his life and reached powerful positions, who might want now to dedicate his time and his skills to his country and leave a legacy for future generations.

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