Battle with the Bank of Italy continues

Battle with the Bank of Italy continues

Deputy Italian Prime Minster Matteo Salvini is in a battle with the Bank of Italy as he threatens to clean house after the central bank failed to protect and supervise Italian banks.

On Monday, he raised the stakes as he talked about seizing Italy's gold reserves.

"The gold is the property of the Italian people, not of anyone else," he said.

Italy's gold reserves trail only the US and Germany, with 2,452 tonnes in the vaults.

It wasn't a serious proposal and he said he hadn't studied selling the reserves to fund the government but said "it may be an interesting idea."

It's not the first time that Italian politicians have floated the idea.