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Pier Carlo Padoan named Italian economy minister

Chief economist of global agency headed to Rome to join cabinet

21 February, 19:29
Pier Carlo Padoan named Italian economy minister (ANSA) - Rome, February 21 - Pier Carlo Padoan, chief economist of the OECD, was named Italy's economy minister Friday as part of premier-in-waiting Matteo Renzi's new cabinet.

Padoan, a former economics professor in Rome, has also worked for the International Monetary Fund.

In addition to the chief economist post, Padoan has been deputy secretary-general of the Organization for Economic Cooperation and Development (OECD) since June 2007 and previously served as an economics advisor to Italian premiers Massimo D'Alema and Giuliano Amato, in charge of international economic policies. Renzi presented his cabinet Friday, with a swearing-in scheduled for Saturday morning and confidence votes in parliament on Monday and Tuesday.

Padoan faces a tough job as Italy struggles to emerge from its worst recession since the Second World War.