The European Commission will continue its legal action against Italy for obstructing a foreign takeover of an Italian bank, despite the resignation of the country's central bank governor over the issue.
Antonio Fazio, the governor of the Bank of Italy, allegedly favoured the Italian Banca Popolare Italiana over Dutch group ABN Amro Holding and Spanish bank Banco Bilbao Vizcaya Argentaria SA in the takeover battle for Banca Antonveneta SpA.
Reports on Mr Fazio's stance had sparke...
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