Fears as Italian government targets huge gold reserves

Italy’s populists have opened a new front in their ongoing clash with the country’s central bank by calling on senators to pass legislation declaring that its gold reserves belong to the state.

The gold ownership bill, presented by Claudio Borghi, a euroskeptic senator for the far-right League, will add to existing tensions between the Bank of Italy and the country’s populist government.

It’s also attracted criticism from opposition politicians, and some Italian media argue that the two ruling parties hope to raid the…
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