Italy won't sell even 'a gram' of gold reserves, leading legislator says

Section:

Besides, first they'd have to find it.

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By Giselda Vagnoni
Reuters
Wednesday, February 13, 2019

ROME -- The Italian government has no intention of selling the Bank of Italy's gold reserves to plug budget holes, a prominent lawmaker of the ruling League party said today.

"We do not want to sell a gram," Claudio Borghi, chairman of the lower-house budget committee and the League’s economics spokesman, said in a interview with state-owned television RAI.

... Dispatch continues below ...



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The League has drafted a law proposal that would allow the government to sell the country’s gold reserves if there were also a change to the constitution -- a long and complicated legislative process. ...

... For the remainder of the report:

https://www.reuters.com/article/us-italy-gold-borghi/italy-government-wo...

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