Renzi's Star Minister Overcomes Opposition No-Confidence Motion

Italy’s lower house rejected a no-confidence motion against Maria Elena Boschi, the star government minister who was dragged into a banking scandal involving her father.

Lawmakers voted down the motion, filed by the main opposition Five Star Movement, on a vote of 373-129 following a debate in Rome on Friday.

“I have never shown favoritism to my family, I have never shown favoritism to my friends,” Boschi said of her actions in the cabinet. “So, there was no conflict of interest, there wasn’t any favoritism.”

Boschi, 34, is parliamentary affairs minister and an influential lieutenant of Prime Minister Matteo Renzi. She had come under fire because her father, Pier Luigi Boschi, served as vice chairman of Banca Popolare dell’Etruria e del Lazio SC.

The Rome-based bank was among four lenders rescued by the government last month, a restructuring that has triggered protests and led to the suicide of a pensioner who lost money in the bank. Boschi is a former shareholder in the lender, according to her parliamentary declaration of assets posted online. She said Friday the shares had a total initial value of about 1,500 euros ($1,625).

Before it's here, it's on the Bloomberg Terminal.