Economy Minister Pier Carlo
Padoan has said there is no chance of him replacing Bank of
Italy Governor Ignazio Visco.
Padoan told Bloomberg that the hypothesis is non-starter as a
minister "cannot take up the post for at least one year, so it
is out of the question".
Visco's mandate is coming to an end and he had been expected
to get the nod for a second term until the ruling centre-left
Democratic Party (PD) criticised the central bank's handing of
Italy's bank crisis in a parliamentary motion.
Many blasted the motion, saying it was an attack on the Bank
of Italy's independence.
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