Newly installed Bank of Italy Governor
Fabio Panetta said on his second day in office Thursday that
"many onerous commitments await us".
"The commitments ahead of us are many and onerous," he wrote in
an email to BoI staff which ANSA was able to view.
"Expectations on the results of our work are, as always, very
high."
He added: "I am encouraged by the knowledge that I can count on
the dedication, the aptitude to serve the public interest and
the high level of professionalism of all the staff".
Panetta took the helm Wednesday after Ignazio Visco endd his
12-year term.
The new governor added that the Italian central bank must be
open to change.
"Continuing to apply our usual working method - based on the
comparison of ideas, rigour of analysis, impartiality and
transparency of decisions - will contribute to the pride of
belonging to our Institute and to the effectiveness of our
action", he said.
"But continuity does not mean conservation. We will have to open
ourselves fully to change and innovation, as has happened in the
past during important moments in the history of the Bank of
Italy".
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