Bank of Italy's Fazio resigns

Bank of Italy governor Antonio Fazio resigned on Monday 19 December, just days before reforms were set to be put in place to finally force him out. On Friday CentralBankNet reported that rumours Fazio would quit at the weekend were described as "nonsense" by the central bank.

Click here for an in depth look at who could replace Fazio

Italian economy minister Giulio Tremonti was set to ask the senate speaker Marcello Pera to call a confidence vote on Thursday 22 December to approve financial sup