December 17, 2022
Three senior ministers make unusually negative comments about the Eurozone financial regulator’s policy
Italian ministers publicly lashed out at the European Central Bank on Friday for a yet another interest rate hike, branding the decision “baffling” and “crazy.”
The comments from three senior ministers from the recently appointed Italian government come after the ECB raised its benchmark rate by half a percentage point on Thursday. It’s feared the move, aimed at taming inflation, will pile financial pressure on one of the Eurozone’s most indebted countries.
Shortly after the announcement, Italy’s Defense Minister Guido Crosetto wrote on Twitter that raising interest rates “makes no sense,” sarcastically thanking ECB President Christine Lagarde for the “Christmas present.” Crosetto posted a chart illustrating the widening spread between German and Italian borrowing costs alongside his comments.
Echoing remarks from his colleagues, Deputy Prime Minister Matteo Salvini labeled the ECB’s decision-making as “unbelievable, baffling” and “worrying”.
This article was originally published by RT.
Trending
- The U.S. robs the Gulf defenses for the benefit of Israel
- Global Energy Shock Looms as Hormuz and Bab el-Mandeb Face Escalation Risks
- Gulf States may join the U.S.-Israeli war on Iran
- Egypt Warns of Wider Conflict as Regional Tensions Intensify
- Israel is at war with its neighbors and wants to annex them
- “Turkey in the Crossfire as Iran–U.S.–Israel Conflict Expands”
- “Leadership in the Shadow of War: Mojtaba Khamenei Becomes Iran’s Supreme Leader”
- “The fate of the resistance and Lebanon will be decided on the battlefield”: interview with Jamal Wakim
