Italy favours fixed term for central bank chief

According to Italy's economy undersecretary Maria Teresa Armosino the government is ready to set a fixed term of office for the Bank of Italy governor, rather than the life term that currently applies.

A fixed term 'is the hope of all people of good sense. Also the Bank of Italy has already made a commitment on a fixed term four months ago, after suggestions from the European Central Bank,' she said.

'But the problem is not only this (fixed term). In other central banks, there is collegiality in

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