Premier Matteo Renzi's
Democratic Party (PD) stood by its Reform Minister Maria Elena
Boschi on Monday, as the opposition clamored for a no-confidence
motion against her.
The anti-establishment 5-Star Movement, Silvio Berlusconi's
center-right Forza Italia (FI), and the rightwing anti-immigrant
Northern League argue Boschi has a conflict of interest because
her father was vice president of Banca Etruria, one of four
failed banks recently rescued by the government.
Pier Luigi Boschi was an executive at Banca Etruria for
eight months, reportedly stepping down when the Bank of Italy
placed the lender under receivership in February this year.
"Not only is there no embarrassment, but there is full
support from me and what I represent within the PD," said the
Filippo Taddei, who is in charge of economy.
"Given the timing of Minister Boschi's father role at Bank
Etruria and that of the government's decision (to bail it out)
it would be very difficult to argue - whether reasonably or
politically - that the intervention was dictated by a conflict
of interests".
Pensioner Luigi D'Angelo, 68, hanged himself last week
after losing his life savings in now worthless Banca Etruria
bonds.
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