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

Oct. 28 (Bloomberg) -- 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.

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

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