Italian president approves Visco second term as Bank of Italy governor

Sergio Mattarella, Italy’s president, has given the final seal of approval to Ignazio Visco’s nomination to a second term as governor of the Bank of Italy, according to a statement released by his office on Friday.
Mr Mattarella’s green light came after Paolo Gentiloni, Italy’s center-left prime minister, proposed Mr. Visco for a second six-year stint as head of the central bank.
Mr Visco, a 67-year old Neapolitan with a PhD in economics from the University of Pennsylvania, has been at the helm of the Bank of Italy since late 2011, replacing Mario Draghi as he headed to Frankfurt to be European Central Bank chief. Mr Visco’s first term ends on October 31.