Italy's Fazio loses World Bank role

Italy's government has stripped Bank of Italy governor Antonio Fazio of his ability to represent the country at a World Bank meeting. The move came after Italian Prime Minister Silvio Berlusconi called on the ECB to help oust Fazio.

Economy Minister Giulio Tremonti told the central banker in a phone call on Saturday that he would not lead Italy's delegation to the World Bank Development Committee meeting, Italian officials said.

"Mr. Tremonti relieved him of his duties," an Italian official in

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