ROME (Reuters) – The Italian government has no intention to sell the Bank of Italy’s gold reserves to plug budget holes, a prominent lawmaker of the ruling League party said on Wednesday.
“We do not want to sell a gram (of gold),” Claudio Borghi, chairman of the Budget Commission in the Lower house and League’s economics spokesman said in a interview with state-owned television RAI.
The League has drafted a law proposal which would eventually allow the government to sell the country’s gold reserves through a change to the constitution.
Borghi has already tabled a bill intended to establish that the gold is the property of the state rather than of the Bank of Italy, a point which is disputed in Italy.
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