Salvini hints at seizing control of Italian Central Bank’s gold reserves

epa07330128 Italian Deputy Premier and Interior Minister, Matteo Salvini, attends the La7 Italian program 'di Martedì', conducted by Italian Journalist Giovanni Floris, in Rome, Italy, 29 January 2019. EPA-EFE/GIUSEPPE LAMI

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Matteo Salvini has raised the possibility of wresting control of Italy’s sizeable gold reserves away from the country’s central bank in the latest in a series of threats to the independence of the Bank of Italy by Rome’s populist coalition.

“The gold is the property of the Italian people, not of anyone else,” Mr Salvini, deputy prime minister and leader of the League party, said in comments to reporters on Monday.

The comments came after he called for the removal of the leadership of the Bank of Italy for failing to prevent the country’s banking crisis, prompting Giovanni Tria, economy minister, to defend the independence of the central bank.

Via FT

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