Daily Management Review

Italian Deputy Prime Minister Demand For ECB’s New Role In State Debt Guarantee


The winning leaders of EU parliamentary election suggest EU fiscal rules reform, while Salvini urges for a new role of ECB in state debt guarantee.

Source: commons.wikimedia.org; (CC BY 3.0 IT)
Source: commons.wikimedia.org; (CC BY 3.0 IT)
On Tuesday, May 28, 2019, Matteo Salvini, the deputy Prime Minister of Italy demanded for a “new role” in the European Central Bank. This should be able to “guarantee” the debt of government for keeping the “bond yields low”.
Salvinin had wrote in a Facebook post about his thoughts, whereby the European conference should hold a top-level discussion about looking into ways for boosting “growth and investment” which should also cover the European Central Bank’s new role as a means to put an end to “speculation”.
The European parliament just conducted fresh rounds of elections, while the victorious “right-wing” League’s leaders termed EU’s “fiscal rules” to have “failed” which, according to them “should be rewritten with the focus on cutting employment, not capping budget deficits”.