Politicians walk out on Fazio testimony

Bank of Italy governor Antonio Fazio faced another snub on Tuesday 18 October when centre-left opposition party members walked out of a parliamentary hearing where he was speaking about Italy's 2006 budget.

Lawmakers walked out ``because we are convinced that the current situation of leadership at the bank is causing significant damage to the prestige and credibility of the Bank of Italy,'' Mauro Agostini said in Rome on behalf of the opposition budget committee members. Prime Minister Silvio

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