Italian Minister of Economy resigns
{{date|September 23, 2005}}
The [[w:Italy|Italian]] Minister of the Economy, [[w:Domenico Siniscalco|Domenico Siniscalco]], resigned from his position in the Government on Thursday.

Siniscalco cited the handling of a recent banking scandal among the reasons for his resignation.  He had sought the resignation of the governor of the Italian central bank, [[w:Banca d'Iatlia|Banca d'Italia]], for his alleged involvement in insider trading during an aborted bank takeover bid.  The governor, [[w:Antonio Fazio|Antonio Fazio]], was believed to strongly favour an Italian bid over that of the [[w:Netherlands|Dutch]] bank [[w:ABN Amro|ABN Amro]].

Siniscalco stated in his resignation letter that he was "scandalized" by the state of affairs, and would prefer to return to work as a university professor in [[w:Turin|Turin]].  In addition to his issues with the Bank of Italy, his proposed budget had faced considerable dilution by the government coalition.

The Prime Minister [[w:Silvio Berlusconi|Silvio Berlusconi]] gave the appearance of not being concerned about the resignation, and did not expect to take long to replace the minister.  Centre-left opposition leader, [[w:Romano Prodi|Romano Prodi]], said the dispute over the budget was a defining part of what made up the government.  He called for immediate elections in the wake of the resignation.

== Sources ==
*{{source|url=http://www.ansa.it/main/notizie/awnplus/italia/news/2005-09-22_1341636.html
|title=Siniscalco: governo immobile
|author=
|pub=Ansa
|date=September 22, 2005}} (in Italian)

*{{source|url=http://www.ansa.it/main/notizie/awnplus/english/news/2005-09-22_1346989.html
|title=New economy minister in 24 hours
|author=
|pub=Ansa
|date=September 22, 2005}}

*{{source|url=http://news.bbc.co.uk/2/hi/business/4270436.stm
|title=Italy economy minister resigns
|author=
|pub=BBC News Online
|date=September 22, 2005}}

*{{source|url=http://today.reuters.co.uk/news/newsArticle.aspx?type=worldNews&storyID=2005-09-22T143550Z_01_HO230008_RTRUKOC_0_UK-ITALY-SINISCALCO.xml
|title=Italy economy minister quits in blow to Berlusconi
|author=Alberto Sisto & Crispian Balmer
|pub=Reuters
|date=September 22, 2005}}

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[[Category:Economy and business]]
[[Category:Politics and conflicts]]
[[Category:Italy]]
[[Category:Europe]]

[[it:Il ministro dell'economia Siniscalco si dimette dal governo]]
[[ja:伊シニスカルロ経済相、抗議の辞任]]
The Italian Minister of the Economy, Domenico Siniscalco, resigned from his position in the Government on Thursday.

Siniscalco cited the handling of a recent banking scandal among the reasons for his resignation.  He had sought the resignation of the governor of the Italian central bank, Banca d'Italia, for his alleged involvement in insider trading during an aborted bank takeover bid.  The governor, Antonio Fazio, was believed to strongly favour an Italian bid over that of the Dutch bank ABN Amro.

Siniscalco stated in his resignation letter that he was "scandalized" by the state of affairs, and would prefer to return to work as a university professor in Turin.  In addition to his issues with the Bank of Italy, his proposed budget had faced considerable dilution by the government coalition.

The Prime Minister Silvio Berlusconi gave the appearance of not being concerned about the resignation, and did not expect to take long to replace the minister.  Centre-left opposition leader, Romano Prodi, said the dispute over the budget was a defining part of what made up the government.  He called for immediate elections in the wake of the resignation.

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Economy and business Politics and conflicts Italy Europe