Former Prime Minister Romano Prodi withdrew from the race for the Italian presidency on Friday, deepening the chaos in the centre-left after party rebels helped his old enemy Silvio Berlusconi scupper his candidacy.
Russia's inflation level remains too high and reducing it is the key priority, according to the woman set up to take charge of the country's central bank in June.
The woman in charge of Russia's privatization program told CNBC on Friday that the country is in no hurry to sell off its state-owned assets because market conditions are not optimal.
Europe must focus on fixing its banking sector, the former governor of the Central Bank of Turkey told CNBC on Friday.
The first round of voting in Italy's presidential elections was inconclusive, Reuters reported at midday on Thursday, making a two third majority for the presidential front runner impossible.