A Democratic Party (PD) motion on
the Bank of Italy debated in the Lower House on Tuesday said
that the recent banking crisis "could have been mitigated with
more incisive and rapid prevention and management activity".
It said that the appointment of the governor of the central
bank was highly delicate because the effectiveness of the Bank
of Italy's oversight activities has been thrown into doubt in
recent years by repeated bank crises.
Asked if the motion was against BoI Governor Ignazio Visco,
PD spokesman Matteo Richetti said: "The PD won't go into the
person but asks for a new phase for the Bank of Italy. The PD
won't go into the merit of a decision that is up to the
government and the premier but it can't skirt a judgement and
the motion traces the need to mark a new phase. The 'who you do
it with' is up to the government".
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