A misunderstanding meant Italy's new technocrat government appointed the wrong man to a ministry position, according to reports.
Key eurozone sovereign debt yields have fallen sharply after successful debt auctions and comments from ECB president Mario Draghi boosted investor confidence.
The yield on 10-year Italian bonds has risen to 7.56% following the country's latest bond auction, which raised €7.5bn, just below its target.
The International Monetary Fund (IMF) today denied reports it is planning a £500bn rescue package for Italy and Spain.
Italian footballers have given their support to a day of national action aimed at pushing down yields on the country's debt and improving its public finances.
Italy has been forced to pay record interest rates in a 10bn euro ($13bn; £9bn) auction of treasury bills.
M&G bond fund manager Mike Riddell has warned the crisis in Europe has taken a turn for the worse after bond yields in core European countries rocketed yesterday.
UniCredit, Italy's top bank, is set to launch a rights issue to help strengthen its balance sheet after reporting losses of €10.64bn.
Former prime minister Tony Blair has warned against any break-up of the eurozone as the region takes steps to deal with the most serious challenge it has faced since its formation.