Italy Considers Backing Spain to Lead Euro-Area Finance Chiefs

Italy’s Finance Minister Giancarlo Giorgetti isn’t interested in bidding for the newly available euro-area finance chief post, but may consider backing his Spanish counterpart Carlos Cuerpo, according to people familiar with the matter.

Giorgetti thinks highly of Spain’s economy minister and Cuerpo could become Italy’s choice should he decide to stand and once countries start to position themselves on the matter, said the people, asking not to be identified as the discussions are private.