Italy’s Gentiloni Faces Economy, Banks, Populists in Top Job
- Outgoing foreign minister races to secure post as premier
- First challenges include banking sector, EU summit in Brussels
Monte Paschi Crisis More Serious than Expected: Elser
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Paolo Gentiloni has plenty of experience of international diplomacy but his main challenges, if he succeeds in becoming prime minister, will be Italy’s weak economy and -- most urgently of all -- its troubled banks.
President Sergio Mattarella asked outgoing Foreign Minister Gentiloni, 62, to form a new government to replace reform-minded Matteo Renzi after the latter was defeated in a constitutional referendum.