Italian government nominates Panetta to senior ECB role

Bank of Italy
Bank of Italy
Photo: Aleksandrasana/Wikimedia Commons

The Italian government has nominated Fabio Panetta to take the place of France’s Benoît Coeuré on the European Central Bank’s governing council.

Mário Centeno, the Portuguese head of the “eurogroup” of eurozone finance ministers, said no other government has nominated a replacement for Coeuré. Panetta is thus almost certain to gain a seat on the council, barring unexpected developments during his confirmation process, when Coeuré’s eight-year term ends in November.

Panetta became the Bank of

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