ECB Warns Italy Over Gold Reserve Proposal
Update: 2025-12-05
Description
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.
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