Fabio Panetta ready to become governor of Bank of Italy
It will no longer be the golden age of Mario Draghiwhen the governor of the Bank of Italy took home a gross of 758,000 euros, but of course – even in times of spending reviews – being the first tenant of Palazzo Koch remains a great job. The salary is 450,000 euros per year. Not to mention the institutional role that is going to be played and which, by Bank of Italy’s Statute, must concentrate on measures aimed at containing inflation to within 2%. With the ECB (administered with bad grace by King Midas reverse Christine Lagarde) to supervise – so to speak – prices, in Via Nazionale one can concentrate on our country, which has many themes.
With the implicit endorsement of Giancarlo Giorgetti, Minister of the Economy who is called upon to appoint the successor of Ignazio Visco, now seems made for Fabio Panetta at the helm of Palazzo Koch. A return for the current member of the ECB executive. Who was deputy general manager with Visco himself and, for just over six months, general manager of Bankitalia and president of IVASS. There was a lot of talk about him last year, when it seemed that Giorgia Meloni had set her sights on him to lead the department of Via XX Settembre.
But then it seems that Panetta himself “opposed the great refusal”. But certainly not out of cowardice, as Dante said when speaking of Pope Celestine V. Nor out of greed, given that a minister not in Parliament earns just over 110,000 euros a year. Now his name is once again the most accredited for the leadership of Bank of Italy, after a head-to-head with Daniele Franco which, however, should be resolved before even starting. Giorgetti himself, in fact, indicated the former minister of the Economy of the Draghi government as the right name to lead the EIB, the European Investment Bank.
Subscribe to the newsletter