Mr Monti expressed "full confidence" in the Bank of Italy under Ignazio Visco and previously under Mr Draghi.

CNN: Draghi meets minister over MPS problems

Meanwhile, Prime Minister Mario Monti is meeting with Economic Minister Vittorio Grilli and Bank of Italy Governor Ignazio Visco.

WSJ: Italian Securities Battered Amid Election Gridlock

Bank of Italy Governor Ignazio Visco on Friday told Bloomberg TV at the World Economic Forum in Davos, Switzerland, that the trades "that were risky, the ones that had reduced liquidity at the bank, were actually connected with other operations which had losses we were not informed of".

BBC: Banca Monte dei Paschi trades probed in Italy

Although the head of Economics at the Organisation for Economic Cooperation and Development (OECD), Ignazio Visco, believes that there is room for a cut in rates in the eurozone, the ECB is apparently more worried about the lagging effects of a high oil price and the weakness of the euro which pushed up prices last year.

BBC: Woman holds up a deck of euros