Italy’s ruling legislators are pressing an amendment proclaiming the Bank of Italy’s $300 billion gold reserves mention residential or commercial property, despite concerns it might breach EU rules. The step revives long standing political interest being used the gold to relieve public debt. Italy will look for point of views from the Bank of Italy and the ECB, which has previously advised that limiting reserve bank freedom over gold would certainly go against EU treaties. For thorough evaluation and a much deeper perspective, François Picard welcomes Salvatore Rossi, Italian Economist and former General Director of the Bank of Italy.
Source: France 24