To critics , Mr. Fazio 's stubborn refusal to step down -- over allegations that he improperly influenced the takeover of two Italian banks -- is especially worrisome in this context : the Bank of Italy , they say , has been one of the few institutions in an era of personalized rule respected for being above the fray , both in Italy and in Europe . ''
Europe /location/location/contains Italy
TO NNS , NNP NNP POS JJ NN TO VB RB : IN NNS IN PRP RB VBD DT NN IN CD JJ NNS : VBZ RB JJ IN DT NN : DT NNP IN NNP , PRP VBP , VBZ VBN CD IN DT JJ NNS IN DT NN IN JJ NN VBN IN VBG IN DT NN , CC IN NNP CC IN NNP . ''
Europe
LOCATION
Italy
LOCATION
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