Italy's populist government attacks central bank leaders

Section:

By Miles Johnson
Financial Times, London
Sunday, February 10, 2019

ROME -- Italy's coalition government slammed the country's central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.

Matteo Salvini, head of the anti-immigrant League party, said the Bank of Italy and Consob, the country's stock market regulator, should be "reduced to zero, more than changing one or two people, reduced to zero," and that "fraudsters" who inflicted losses on Italian savers should "end up in prison for a long time."

... Dispatch continues below ...


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Mr. Salvini and his coalition partner, Five Star leader Luigi Di Maio, were speaking on Saturday in front of an audience of former stakeholders in Banca Popolare di Vicenza and Veneto Banca, which were liquidated in 2017.

"We cannot think of confirming the same people who were in the directorate of the Bank of Italy if we think of everything that has happened in recent years," Mr. Di Maio said. ...

... For the remainder of the report:

https://www.ft.com/content/949d2c08-2d1d-11e9-8744-e7016697f225

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