ECB’s Visco Isn’t Currently Exiting as Draghi Plan Rumors Swirl

From bnnbloomberg.ca

Bank of Italy Governor Ignazio Visco isn’t currently planning to step down, a spokeswoman said in response to a newspaper report that Premier Mario Draghi will replace him and others in key positions ahead of elections next year. Newspaper Il Foglio had reported Visco would leave his post a year early in October, paving the way for the appointment of a high profile executive close to the government. European Central Bank board member Fabio Panetta is a likely candidate, the newspaper said citing sources close to the matter. The logic of a quicker Bank of Italy succession would allow for Draghi to appoint as many ... (full story)