Bank of Italy's autonomy not under attack: ECB's Visco
FILE PHOTO: The Bank of Italy building is seen downtown Milan, November 25, 2011. REUTERS/Stefano Rellandini
MILAN (Reuters) - Bank of Italy Governor Ignazio Visco said on Wednesday he did not think the bank's autonomy was under attack, but added that there was confusion about where responsibilities lay.
"I don't see any attack to its autonomy, but rather a vision which is sometimes uncertain about responsibilities. And I agree that independence and lack of responsibility cannot go together," said Visco, who sits on the European Central Bank governing council.
Italy's populist leaders kicked up a stir at the weekend when they vowed to replace top officials at the central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings.
(Reporting by Giulio Piovaccari; Editing by Crispian Balmer)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China does not seek 'sphere of influence' in ties with Pacific island nations, foreign minister says
- Schools become battleground as Germany's far-right AfD eyes regional election
- France showcases 500 pro-Ukraine troops at Bastille Day
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share