Top Italian employers call for bank governor to resign

Thursday 18 August 2005 at 16:00

The head of the employers' trade body in Italy has called for the resignation of Antonio Fazio, the governor of the Bank of Italy, over his handling of cross-border bids for two Italian banks this year.

Luca Cordero di Montezemolo, the president of Confindustria, the equivalent of the UK's Confederation of British Industry, told a conference yesterday that: "Fazio would have done better to resign."