BRUSSELS/ROME (Reuters) - The head of the European Central Bank, Mario Draghi, defended his independence on Friday as members of the Italian ruling coalition attacked him over "improper" remarks about the country's political situation. The Italian government is facing a backlash from the European Commission over its plans to increase spending, in a standoff that has even stoked some fears Italy might leave the euro area. Draghi, himself an Italian, did not mention Italy in a speech in Brussels in which he made the case for central banks being independent from governments if inflation is to remain under control.
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Saturday, 27 October 2018
ECB's Draghi defends his independence amid attacks from Italy
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