Central Banks
Italian Ministers Step Up ECB Criticism, Warn of Credit Crunch
- Rate hikes at this point called ‘heavy decision’ for Italy
- Yield spread between Italian, German bonds widened on ECB move
The European Central Bank headquarters in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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Italian Defense Minister Guido Crosetto and Foreign Minister Antonio Tajani stepped up criticism of the European Central Bank’s latest rate increase and President Christine Lagarde’s hawkish rhetoric.