Both nations' borrowing costs have risen sharply in recent weeks and Italy - the Euro's third largest economy - have been identied as especially vulnerable due to disagreements between their finance minister, Giulio Tremonti
, and Prime Minister Silvio Berlusconi.
Lei's appointment was approved by both Italy's Minister of the Treasury, Giulio Tremonti
(RAI is under the Treasury) and Berlusconi.
Italian finance minister Giulio Tremonti
asked a conference in Turkey what would happen if new regimes born out of recent protests in North Africa said: "These funds are ours and we want them back.
Speaking at the conference, Italian Minister of Economy and Finance Giulio Tremonti
said that they wanted to establish Aspen Turkey and that such a project was highly important for them.
Berlusconi and Finance Minister Giulio Tremonti
clashed over the appointment, with the premier initially backing Bank of Italy director general Fabrizio Saccomanni, the candidate favored by Draghi, and Tremonti preferring Treasury director general Vittorio Grilli, newspaper Il Sole 24 Ore reported on Sept.
The one-day visit to Rome and Milan will include talks with Italian Minister of Economic Development Paolo Romani and Finance Minister Giulio Tremonti
as well as with central bank chief Mario Draghi, due to head the European Central Bank from November 1.
Minister of Economy Giulio Tremonti
announced the revamped austerity plan,
Then Italy's Finance Minister Giulio Tremonti
, for his part, said that the European economy is like the Titanic, i.
proposed reducing the five income tax bands to three, with press reports saying the levels would be 20 percent, 30 percent and 40 percent.
Finance Minister Giulio Tremonti
is a safe pair of hands for the country's fiscal policy, yet the government has been unable to revive economic growth.
But the "E-bond" proposal championed by Jean-Claude Juncker, the chairman of euro zone finance ministers, and Italian Economy Minister Giulio Tremonti
won't go away because it makes sense.
Gotti Tedeschi, 65, has been at the helm of the bank for a year and is a close adviser to Italian Economy Minister Giulio Tremonti