Fazio resignation rumours described as 'nonsense'

Rumours that Bank of Italy governor Antonio Fazio was set to resign this weekend following news that he is being investigated for alleged insider trading were described by the central bank on Friday 16 December as 'nonsense'.

According to Reuters, the Bank of Italy dismissed as "nonsense" reported rumours that Fazio would step down this weekend. "I know I have worked within the law and I am not worried," Fazio was quoted as saying by his lawyer Franco Coppi.

Prime Minister Silvio Berlusconi, as

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