Italy's finance minister calls on Fazio to resign

Italian Finance Minister Domenico Siniscalco has asked Bank of Italy governor Antonio Fazio to resign so that credibility can be restored to the institution.

"We adopted reforms to the Bank of Italy on Friday, and we expected a gesture from the governor which did not come," Siniscalco said in the presence of Prime Minister Silvio Berlusconi and foreign delegates at a conference in Cernobbio, northern Italy.

"If I were Fazio, I would have left a long time ago," Siniscalco said, adding that "the