Salvini accuses ECB of damaging local banks
Salvini, who heads the far-right League, said in a statement that the ECB move showed that the EU’s banking union was creating instability and said more transparency was needed to dispel any suspicion the central bank was politically motivated.
Earlier on Tuesday, a source told Reuters the ECB will give the banks it supervises a target date to fully provision for their bad debt. The move surprised some investors and particularly spooked Italian lenders. ■