June 21, 2019 / 2:22 PM / a month ago

Italy's Salvini says institutions must be accountable, including central bank

MILAN, June 21 (Reuters) - Italian Deputy Prime Minister Matteo Salvini said on Friday every public institution must be accountable, including the Bank of Italy.

“There must be no power that in case of errors does not respond to anyone. Bank of Italy was paid to monitor” on the recent banking crises that hit many savers in Italy, Salvini said on the sidelines of an event in Milan.

Salvini’s far-right League and the anti-establishment 5-Star Movement ruling parties have drawn up a bill aimed at giving the government and parliament the right to name the central bank’s five-member board, ending the current system by which appointments are made mainly internally. (Reporting by Sara Rossi, writing by Angelo Amante)

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