Berlusconi asks Bini Smaghi to step aside

lorenzo-bini-smaghi

Italian prime minister, Silvio Berlusconi has waded in on the burgeoning diplomatic crisis over Mario Draghi, governor of the Bank of Italy, becoming the next president of the European Central Bank (ECB).

Berlusconi was widely reported on Friday as having asked Lorenzo Bini Smaghi to resign from the board of the ECB to smooth relations with France, who are unhappy at the prospect of two Italians being on the board.

Draghi has won the support of numerous political figures, including the French

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