The Lega Nord Undersecretary for the Economy (Mef) Federico Freni withdraws from the race for the presidency of the ConsobHe himself communicated this to the Prime Minister Giorgia Meloni and to the deputy prime ministers Matteo Salvini and Antonio Tajani. Forza Italia itself had raised the greatest objections to Freni's nomination, citing the obvious incompatibility of a government official with the presidency of an independent authority like Consob, which oversees financial markets.
Freni's technical expertise is beyond question, but his prominent role in the government has proven an insurmountable obstacle, especially considering that the appointment decree for the leadership of Consob must be signed by the President of the Republic, Sergio Mattarella, who is always very careful to respect the independence of candidates for the Authorities.
Moreover, in addition to being a key undersecretary, Freni was also the director of the controversial Capital Law and did not fail to give his endorsement both to the last round of privatization of Ps that the takeover bid launched by the Sienese bank of MediobancaHis retirement is a choice that honors Freni and deserves respect.
At this point, barring any new twists, the chances of an internal nomination for the presidency within Consob are growing and the most authoritative candidate is Federico Cornelli, economist who graduated from Bocconi and is an expert in finance. The Council of Ministers could nominate him as early as tomorrow, together with the new head of theAntitrust
