Fazio could faces job loss in shake-up

The Italian Government is apparently seeking to vary the appointment terms of the Governor of the Bank of Italy, currently Antonio Fazio, in a move that would force him to step down.

Giulio Tremonti, the Italian Economy Minister, one of the ministers keenest to force through the change, was reported as wanting to block the unlimited tenure awarded to the Governor and replace it with a fixed-term contract.

If a new law is passed to this effect, Antonio Fazio, the present Governor, could be asked

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