Rome, Rabi'II 21, 1435, Feb 21, 2014, SPA -- Italy's prime ministerial designate, Matteo Renzi, was due to present his government team on Friday, with leftist technocrat Pier Carlo Padoan widely tipped to take over the key economy portfolio, dpa reported. Padoan, the deputy head and chief economist of the Paris-based Organization for Economic Cooperation and Development (OECD), has left an ongoing G20 meeting in Sidney, Australia, to prepare for his ministerial appointment, officials confirmed. As economy minister, he will be expected to help Renzi convince European Union partners to relax austerity targets for Italy, in return for delivering comprehensive tax, labour and political reforms. -- SPA 18:10 LOCAL TIME 15:10 GMT www.spa.gov.sa/1201377