Italy’s League – Too early to say if Panetta will be ECB candidate

MILAN (Reuters) – The economic chief of Italy’s ruling League party said on Friday it was too early to say whether the government would try to get central bank vice governor Fabio Panetta onto the board of the European Central Bank.

Italy has backed the appointment of French Christine Lagarde as president of the ECB as part of a plan to get a seat on the six-member executive board.

“Certainly he is an authoritative figure,” Claudio Borghi said when asked by Reuters if Panetta would be the Italian candidate for the ECB board. But he added: “It is premature. There are still knots to untangle.”

On the sidelines of a banking event in Milan, Borghi said Panetta had “defended Italian savers while at the Bank of Italy, unlike others”.

Reporting by Elvira Pollina, writing by Giselda Vagnoni; editing by Andrew Heavens

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