Central Banking

Fazio faces strike ultimatum

The union representing the majority of staff at the Bank of Italy has threatened to call a strike unless Antonio Fazio, the central bank's governor, resigns over the Antonveneta affair.

Speaking to Il Sole 24 Ore, Luigi Leone, secretary general of the Falbi union, said that a strike would be called unless Fazio hands in his resignation by September.

"Fazio has damaged the credibility and prestige of the institution," he said, "and it would be best if he suspends himself. The government has

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