US EditionPublished • loading... • Updated
ECB Asks Italian Government to Reconsider Gold-Reserves Proposal
The European Central Bank warned the amendment risks breaching EU treaties and emphasized the Bank of Italy's independence amid debate over 2,452 tonnes of gold reserves.
- The European Central Bank stated that Giorgia Meloni's party should "reconsider" a proposed budget amendment regarding Italy's gold reserves, which it claims "belong to the Italian people".
- The Bank of Italy holds 2,452 tonnes of gold, making it the central bank with the second largest reserve of gold after the United States and Germany.
- Senator Antonio Misiani criticized the proposal, calling it an "ideological flag" meant to distract from Italy's economic issues.
- The ECB emphasized the need for the Bank of Italy's independence, warning that changes could breach EU treaties on public sector financing.
Insights by Ground AI
26 Articles
26 Articles
The governing party of Giorgia Meloni wants to clarify who owns the Italian Central Bank reserves. The ECB fears for a erosion of monetary independence.
·Frankfurt, Germany
Read Full Article
The Local - ItReposted by 
The Local
The LocalItaly urged to rethink declaring gold ‘property of the people’
The European Central Bank on Wednesday said Giorgia Meloni's party should "reconsider" a proposed addition to the budget declaring the country’s gold reserves the property of the Italian people.
·Italy
Read Full Article
Coverage Details
Total News Sources26
Leaning Left5Leaning Right6Center2Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 39%
15%
R 46%
Factuality
To view factuality data please Upgrade to Premium
