ECB’s Panetta Won’t Be Italy’s Finance Chief in Blow to Meloni
- Central bank official told euro peers he won’t take the job
- Meloni seeks credible figure to manage debt-laden economy
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Fabio Panetta, a member of the European Central Bank’s executive board, won’t be Italy’s next finance minister, a blow to right-wing leader Giorgia Meloni’s attempt to pick a cabinet capable of reassuring investors.
Panetta said he wouldn’t take on the role after being asked by some participants during a meeting of euro-area finance chiefs in Luxembourg earlier this week, according to a person familiar with the matter who spoke on condition of anonymity because the talks were private.