ECB Warns Italy Over Gold Reserve Proposal

The European Central Bank warns Italy against declaring its gold reserves as public property, emphasizing that national central banks are solely responsible for managing their reserves. This stance echoes a similar situation in 2019 and is crucial to maintain the euros credibility and financial stability. The ECB fears a domino effect if other countries follow suit, potentially disrupting the balance that has maintained the eurozones stability for years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.