Italian Presidency Says It’s Not Pressuring ECB’s Bini Smaghi

Italian President Giorgio Napolitano is not putting any pressure on European Central Bank Executive Board member Lorenzo Bini Smaghi, the Italian news agency ANSA said, quoting a statement from the president’s office.

Napolitano met with Bini Smaghi today in a “private and personal” way, ANSA quoted the statement as saying.

Italian Prime Minister Silvio Berlusconi has stepped up pressure on Bini Smaghi to quit in recent weeks in a bid to defuse a row with French President Nicolas Sarkozy over the Italian’s seat on the central bank’s six-member Executive Board.

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net

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