Draghi begins tenure at Bank of Italy

The new governor of the Italian central bank, Mario Draghi, formally took over his new job Monday 16 January, the Bank of Italy said.

Draghi was appointed by Premier Silvio Berlusconi's government last month after a banking scandal forced his predecessor, Antonio Fazio, to resign.

Draghi is expected to name a new director general to replace Vincenzo Desario, who wants to resign, according to Italian newspaper La Repubblica. Desario had been serving as acting governor between Fazio's resignation

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