Italy's Prime Minister Giuseppe Conte said the independence of the European Central Bank is key to the foundations of the European Union and no constitutional court should decide what it can do, in an interview published on Wednesday.
ROME - Italy’s Prime Minister Giuseppe Conte said the independence of the European Central Bank is key to the foundations of the European Union and no constitutional court should decide what it can do, in an interview published on Wednesday.
“It is not up to any constitutional court to decide what the ECB can or cannot do. Its independence is the fulcrum of the European treaties, which are recognised by Germany too,” Conte told newspaper Il Fatto Quotidiano in an interview. Conte said Italy did not need the European Stability Mechanism but it would be hard for the new European Recovery Fund, built to help countries recover from the coronavirus pandemic, to take off before the summer.
The ruling coalition already approved in March a 25 billion euro package to help the economy cope with the outbreak.
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