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Don't meddle with central bank's role, Italy president warns parties

Published 03/29/2019, 07:31 AM
Updated 03/29/2019, 07:35 AM
© Reuters. 14th informal meeting of the Arraiolos Group in Latvia

ROME (Reuters) - President Sergio Mattarella on Friday warned Italy's ruling coalition not to interfere with the independent role of the Italian and European Central Banks.

The ruling League and 5-Star Movement plan to set up a parliamentary commission to look into possible failings of oversight by the Bank of Italy which they say led to the collapse of numerous Italian banks.

Mattarella issued a statement warning that the commission must not "overlap", or attempt to reduce the independence of the Bank of Italy, the ECB or other market supervisory agencies.

Latest comments

What a fantatic suggestion. Our President should take a cue...
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