Renzi is expected to meet President Giorgio Napolitano at 4 pm (1500 GMT) on Friday to confirm his cabinet list, allowing the government to be sworn in by the weekend, ahead of a confidence vote in parliament expected on Monday.
Four separate sources said that Padoan, who has been at the Paris-based Organisation for Economic Cooperation and Development since 2007, was expected to be named to the key post as economy and finance minister.
‘He’s got it, he’ll be the finance minister,’ one OECD source told Reuters. Another source said Padoan was already on his way to Rome from Sydney, where he had been attending a meeting of finance ministers and central bankers from the Group of 20 economic powers.
Padoan, a respected former International Monetary Fund official, will be the third technocrat in a row at the ministry, the key contact point with the European Central Bank and European Union partners and an important factor in maintaining foreign investor confidence.
Renzi, who forced out his party rival Enrico Letta last week after attacking the slow pace of economic reforms, is expected to govern with the same cross-party alliance as his predecessor but has not yet sealed a formal coalition accord.
Four separate sources said that Padoan, who has been at the Paris-based Organisation for Economic Cooperation and Development since 2007, was expected to be named to the key post as economy and finance minister.
‘He’s got it, he’ll be the finance minister,’ one OECD source told Reuters. Another source said Padoan was already on his way to Rome from Sydney, where he had been attending a meeting of finance ministers and central bankers from the Group of 20 economic powers.
Padoan, a respected former International Monetary Fund official, will be the third technocrat in a row at the ministry, the key contact point with the European Central Bank and European Union partners and an important factor in maintaining foreign investor confidence.
Renzi, who forced out his party rival Enrico Letta last week after attacking the slow pace of economic reforms, is expected to govern with the same cross-party alliance as his predecessor but has not yet sealed a formal coalition accord.