Mr Padoa-Schioppa's task will be to make such disasters the exception rather than the norm.
Mr Prodi's finance minister, Tommaso Padoa-Schioppa, had crafted an austerity package that relied heavily on tax increases.
Although Mr Padoa-Schioppa recognises that confidence in the stock exchange will not grow overnight, he is optimistic.
SIM, a prominent local securities house, says that most of Milan's stockbrokers now firmly support Mr Padoa-Schioppa.
And now Mr Padoa-Schioppa is canvassing views about how regulation might be improved.
Mr Padoa-Schioppa wants regulation to be less intrusive, and to move towards a system of self-regulation by participants in the market.
There is growing talk of dumping Mr Padoa-Schioppa in the new year.
The draft budget drawn up by the finance minister, Tommaso Padoa-Schioppa, is being modified in response to lobbying by different parties in the coalition.
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Mr Padoa-Schioppa's first budget raised the top income-tax bracket to 43%.
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They admit, however, that Consob, the stockmarket regulator, has improved since Tommaso Padoa-Schioppa, a former deputy general manager of the central bank, became its boss in April.
The outgoing finance minister, Tommaso Padoa-Schioppa, put up tax rates while cracking down on tax evasion a combination that made the government hugely unpopular, and damaged Mr Veltroni's campaign.
At the outset Mr Padoa-Schioppa insisted that stringent measures were needed to rein in a budget deficit that had got out of hand in the dying months of Silvio Berlusconi's centre-right government.
An economist by training, Mr Padoa-Schioppa has climbed almost to the top of Italy's central bank, managed the European Commission's economics and financial affairs division and chaired a prestigious international committee of bank regulators.
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