© Reuters. FILE Image: Ignazio Visco, governor of Financial institution of Italy, speaks all through an party to launch the personal finance agenda for the 2020 United Nations Climate Improve Conference (COP26) at Guildhall in London, Britain, February 27, 2020. Tolga Akmen/Pool via REUTE
ROME (Reuters) -The Lender of Italy sought to douse chat that its governor Ignazio Visco could go away his article forward of agenda in Oct right after a newspaper report on Tuesday elevated the prospect of a succession just before the next normal election.
Day by day Il Foglio claimed that Visco could stage down a year early and allow the current government, led by former European Central Bank governor Mario Draghi, to appoint a higher profile government, such as ECB board member Fabio Panetta to the submit.
The resignation of the governor of the Financial institution of Italy is not on the table, a spokesperson for the central bank claimed on Tuesday, in reaction to the report.
Italy is because of to keep a common election in the initially 50 % of subsequent calendar year.
Il Foglio explained a alter at the central financial institution would be section of a broader strategy by Draghi to “introduce as numerous handy bolts as achievable into the mechanisms of the nation” to counterbalance the affect of any populist movements after the vote.
The approach would also include things like the appointment of the heads of the Tax Earnings agency and of state-managed companies this sort of as oil and gas team Eni, defence company Leonardo and vitality group Enel (Little bit:).
The mandate of Visco, who has been main the Bank of Italy since 2011, would in a natural way close in October 2023.