Italy’s ruling populists push ahead to seize central bank gold reserves
5 Star Movement and League Parties continue to target the Bank of Italy
The politicians want access to the bank's gold reserves, they are trying to have a law passed which would declare the Italian people to be the owners of the Bank of Italy's reserve of gold (worth around USD102 billion at current prices)
- "The gold belongs to the Italians, not to the bankers," said Giorgia Meloni, leader of the Brothers of Italy, a far-right opposition party that supports both bills. "We are ready to battle everywhere in Italy and to bring Italians to the streets if necessary."
Via the Wall Street Journal (overnight report), more here (may be gated): Italy's Populists Covet Central Bank and Its Gold