In New Spat With League, Italy’s Economy Minister Opposes Central Bank Reform | 7/8/2019 | Staff
monna (Posted by) Level 3
ROME (Reuters) – Italian Economy Minister Giovanni Tria said on Thursday he saw no reason to change the procedures currently used to name the five board members of the country’s central bank, opposing reform plans drawn up by the ruling coalition.

The remarks are likely to cause a new tussle within Italy’s fractious government over the management of the central bank and other key economic decisions, as the euroskeptic administration begins talks over next year’s budget.

Need - System - Giovanni - Tria - Technocrat

“I do not see the need to change the current system,” Giovanni Tria, a technocrat not linked to Italy’s ruling parties, said in an interview with Italian Catholic newspaper Avvenire, when asked about a plan devised by the ruling coalition that would increase political control over the appointment of the central bank’s management.

Under the draft bill, prepared by the far-right League and backed by coalition partners 5-Star, three board members, including the governor and his deputy,...
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