The Italian Prime Minister Matteo Renzi has clashed openly with the German Bundesbank on austerity measures.
The European Voice reports:
Italy’s prime minister has reacted sharply to criticism from Germany’s central bank of Rome’s efforts to ease rules on budget spending.
Matteo Renzi said that the Bundesbank had overstepped its role when its president, Jens Weidmann, in a speech (3 July), argued that Italy should concentrate on implementing structural reforms rather than press for changes to the eurozone’s budget rules.
“The Bundesbank does not have among its tasks to take part in the Italian political debate,” Renzi told journalists at the launch of Italy’s six-month presidency of the EU’s Council of Ministers. “Europe belongs to its citizens, not to bankers, either Italian ones or German ones,” he said.
Full Article
Weidmann Speech
© European Voice
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article