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Economics

Italy Nominates Euroskeptic Minister Head of Market Watchdog

  • Cabinet picks Savona after months-long void at Consob
  • Previous chief at Consob was pushed out by Rome government
Paolo Savona.

Paolo Savona.

Photographer: Giulio Napolitano/Bloomberg
Updated on

The Italian government nominated euroskeptic Paolo Savona, currently European Affairs minister, as the new chairman of financial market regulator Consob, ending an almost five-month void in the watchdog’s leadership.

Ministers meeting in Rome picked the 82-year-old Savona, who will leave his current job, the office of Prime Minister Giuseppe Conte said in a text message. Conte himself will take Savona’s ministerial post on an interim basis.