Mario Draghi
Comment: Fazio steps down
Antonio Fazio's resignation as Bank of Italy governor is welcome, but long-overdue. The way is now open for the implementation of much-needed reforms, as the Bank seeks to regain its lost credibility.
Italy nominates candidate for ECB board
Italy nominated Lorenzo Bini Smaghi, a senior finance official in Rome, as candidate for the European Central Bank's executive board this week.