Berlusconi opts for Bini Smaghi / Berlusconi in U-turn on central bank post

Italian Prime Minister Silvio Berlusconi ended months of procrastination and U-turns that dented Italy’s credibility on the international stage on the 2o October 2011 by nominating Ignazio Visco to succeed Mario Draghi as the next governor of the Bank of Italy.

The surprise nomination of Mr Visco, the number three at the central bank followed 24 hours of intense drama, with Italy’s prime minister twice changing his mind under pressure from the Bank of Italy and cabinet ministers.

Website: Bank of Italy http://www.bancaditalia.it/bancaditalia

ESO: Background information: ECB’s Paris rebuttal sparks fresh spat http://www.europeansources.info/record/ecbs-paris-rebuttal-sparks-fresh-spat/

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