Italy's Salvini calls for new ECB role to guarantee state debts
Reuters
Published May 28, 2019 08:03AM ET
Italy's Salvini calls for new ECB role to guarantee state debts
ROME (Reuters) - Italian Deputy Prime Minister Matteo Salvini called on Tuesday for a new role for the European Central Bank, which should "guarantee" government debt in order to keep bond yields low.
Salvini said on Facebook (NASDAQ:FB) he wanted a top-level European conference to discuss how to boost growth and investment and this should include the new role for the ECB to halt "speculation."
Fresh from a victory in European parliamentary elections, the leader of the right-wing League said the EU's "failed" fiscal rules should be rewritten with the focus on cutting employment, not capping budget deficits.
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Written By: Reuters
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