Comment: Bank of Italy reforms

As pressure mounts on the Italian prime minister, Silvio Berlusconi, to take definitive action in the ongoing saga surrounding the position of Bank of Italy governor, Antonio Fazio, market analysts will also have one eye on some of the more fundamental changes underway at the Bank of Italy.

While the day-to-day news coverage remains focused on the stand-off between the embattled Fazio on the one hand, and finance minister, Domenico Siniscalo, and deputy prime minister (and former finance minister

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