Italy's EU Affairs minister says ECB should be similar to U.S. Fed

FILE PHOTO: European Affairs Minister Paolo Savona adjusts his glasses as he holds a news conference at the Foreign Press Club in Rome, Italy June 12, 2018 REUTERS/Alessandro Bianchi

ROME (Reuters) - The new Italian minister for EU Affairs Paolo Savona said on Tuesday the European Central Bank should have a statute similar to the one of other central banks, including the U.S. Federal Reserve.

According to Savona, a eurosceptic economist whose appointment to the economy ministry was vetoed by Italy's president, the European monetary union needs to be improved making changes to the rules governing the ECB.

(Reporting by Gavin Jones; Writing by Francesca Landini; Editing by Matthew Mpoke Bigg)

People also read these

Tired of screen addicts, Vienna cafe says phone...

Feb 15, 2017

US-AUSTRIA-CAFE:Tired of screen addicts, Vienna cafe says phone juice costs extra

Quick-fire Bailey storms to individual biathlon...

Feb 16, 2017

US-BIATHLON-WORLD:Quick-fire Bailey storms to individual biathlon gold

Austrian court backs extradition of Ukraine...

Feb 21, 2017

US-UKRAINE-FIRTASH:Austrian court backs extradition of Ukraine businessman Firtash to U.S.

Austria's foreign minister suggests halving...

Mar 1, 2017

US-EUROPE-AUSTRIA:Austria's foreign minister suggests halving number of EU commissioners

Weaker euro helps propel euro zone factory growth...

Mar 1, 2017

US-EUROZONE-ECONOMY-PMI:Weaker euro helps propel euro zone factory growth to six-year high

Sign up now!