Bloomberg News

Italy’s Opposition Concerned Over Bank of Italy Succession

September 28, 2011

Sept. 28 (Bloomberg) -- The leaders of Italy’s main opposition parties said they are concerned about the government’s inability to decide on a candidate to succeeed Mario Draghi as Bank of Italy governor.

“We are greatly concerned about the continued uncertainty about the government’s choice of the new governor” the head of the Democratic Party, Pierluigi Bersani, and leader of the Union of Center, Pierferdinando Casini, said in an e-mailed statement.

“Instead of providing certainies and stability, the goverment keeps the country dangerously on the brink for purely personal reasons,” the statement said.

The government failed to propose a candidate to a meeting of the central bank’s superior council today, a month before Draghi is due to leave to head the European Central Bank.

Il Sole 24 Ore newspaper reported today that Finance Minister Giulio Tremonti is insisting that Vittorio Grilli, director general of the Treasury be named to the post, while Prime Minister Silvio Berlusconi planned to name the central bank’s director general Fabrizio Saccomanni to the job.

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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