ANAC OKs Savona for CONSOB

Can abstain on Euklid

(ANSA) - Rome, March 14 - Italy'a anti-corruption body ANAC on Thursday approved the appointment of former European Affairs Minister Paolo Savona as new head of bourse regulator CONSOB.
    He is not incompatible, ANAC said, because of his former position as director of the Fondo Euklid investment fund.
    Euklid never invested in Italy and is thus not subject to CONSOB's vigilance, it said.
    If it were to invest in Italy Savona, who still has shares in it, could abstain, ANAC said.
    Savona, a respected Euroskeptic economist, was tapped for the CONSOB post last month.