The European Central Bank has called on the Italian government to reconsider a legislative proposal that would classify the country's gold reserves as 'the property of the Italian people'. In its statement, the ECB emphasizes the importance of maintaining confidence in financial stability and the independence of central banks. Italy is one of the countries with the largest gold reserves in the world, and this bill has raised concerns among investors and analysts. The ECB noted that such measures could undermine confidence in the country's economy and lead to negative consequences for the financial market.
ECB calls on Italy to reconsider gold reserves law
The European Central Bank has raised concerns about a bill that could undermine Italy's financial stability. Italy holds some of the world's largest gold reserves.