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

Austria sues Airbus over alleged Eurofighter fraud

Feb 16, 2017

US-AUSTRIA-AIRBUS-GROUP:Austria sues Airbus over alleged Eurofighter fraud

Biathlon: Dahlmeier wins fourth title with relay...

Feb 17, 2017

US-BIATHLON-WORLD:Biathlon: Dahlmeier wins fourth title with relay gold in Germany

Biathlon: Russians sing anthem alone as...

Feb 19, 2017

US-BIATHLON-WORLD-ANTHEM:Biathlon: Russians sing anthem alone as organizers play wrong tune

Leader of Germany's far-right party meets Putin...

Feb 21, 2017

US-GERMANY-ELECTION-AFD:Leader of Germany's far-right party meets Putin allies in Moscow

Austria's foreign minister suggests halving...

Mar 1, 2017

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

Sign up now!