COMMUNICATION

Mario Draghi, 17th Carlos V European Award

CC-BY-4.0: © European Union 2022 – Source: EP

The jury of the 17th edition of the Carlos V European Award, granted by the European and Ibero-American Academy of Yuste Foundation, decided to award the prize to Mario Draghi “because his leadership at the helm of the European Central Bank implementing decisive and risky measures managed, in the midst of the recession in the European economy, to maintain the strength of the euro and the autonomy of the ECB, as well as to save the single currency allowing Europe to emerge strengthened from the aforementioned crisis”. This was announced by the regional minister of Presidency, Interior and Social Dialogue, Abel Bautista, in a press conference along with the director of Yuste Foundation, Juan Carlos Moreno. (11/04/2024)

The jury of the Carlos V European Award also valued the exemplary manner in which he promoted European ethical principles “as central axes of economic governance”, highlighting likewise his “extraordinary capacity, foresight, and dialogue in the service of a united Europe”, as indicated by the regional minister.

Mario Draghi was president of the European Central Bank from 2011 to 2019, and prime minister of the Republic of Italy during 2021 and 2022. This is the third time that the Carlos V European Award is awarded to an Italian personality, the previous two being Antonio Tajani, who received the award in 2018, and Sofia Corradi, in 2016.

The jury of the Carlos V European Award considers that Mario Draghi has been a fundamental pillar for the strengthening of the European Union and has advocated for youth as guarantors of Europe’s future, tasks that, in their view, go beyond the strictly economic sphere.

During the press conference, the regional minister also assessed the current European situation, stating that the challenges facing Europe to preserve its prosperity and independence are unprecedented in the history of the European Union. In this regard, he emphasised that “Europe is founded on the defence of values ​​that transcend borders to universalise freedom, equality, solidarity, and justice”.

In his opinion, the elections to the European Parliament, which will be held on June 9th, are pivotal for the future of the region because amidst the geopolitical changes taking place, “a strong and united project like the European Union is needed, capable of providing solutions to the problems”. In the same vein, Bautista recalled that Yuste Foundation established the Carlos V European Award with the aim of recognising individuals, organisations, projects, or initiatives that have contributed to the general knowledge and enhancement of the cultural and historical values ​​of Europe or to the process of European Union integration.

In turn, Juan Carlos Moreno, the director of Yuste Foundation, explained that Yuste Foundation received a total of twenty-eight proposals from Andorra, Belgium, Spain, France, Italy, and Romania, where a  total number of fifteen candidates  where nominated for the 17th edition of the Carlos V European Award. Additionally, forty-two letters of support have been received from Belgium, Spain, the United States, the Netherlands, Portugal, and Romania.

MARIO DRAGHI

An Italian economist, he chaired the European Central Bank from 1 November 2011 to October 2019. During the European Central Bank’s struggle against the effects of the 2008 economic crisis, the Draghi plan for monetary expansion was launched. His words were significant on 26 July 2012, in full sovereign debt crisis, when he announced that “The ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”, and they marked a turning point in the eurozone crisis calming markets. The policies that followed led to a steady decline in costs of the loans for indebted eurozone members, including Italy. He was president of the Italian government from February 2021 until his resignation in July 2022. He was governor of the Bank of Italy from 2006 to 2011. From 1991 to 2001 he was director general of the Italian Treasury and president of the privatisation committee. From 2002 to 2006 he was vice president for Europe at Goldman Sachs. From 1985 to 1990 he was executive director of the World Bank.

THE CARLOS V EUROPEAN AWARD

Since 1995, the European and Ibero-American Academy of Yuste Foundation has awarded the Carlos V European Award in order to recognise the work of those individuals, organisations, projects, or initiatives that, through their effort and dedication, have contributed to the general knowledge and enhancement of the cultural, social, scientific, and historical values ​​of Europe, as well as to the process of European construction and integration. During the award ceremony, the Monastery of San Jerónimo de Yuste brings together personalities from both Europe and Ibero-America. The Carlos V European Award represents the spirit of building a united, fair, egalitarian, supportive, and free Europe.

The solemn award ceremony becomes a State event supported by His Majesty King Felipe VI, who holds the Honorary Presidency of Yuste Foundation.

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