ECB's Draghi alarm over Italian banks 'improper' - League lawmaker
FILE PHOTO - European Central Bank (ECB) President Mario Draghi speaks during a news conference following the governing council's interest rate decision at ECB headquarters in Frankfurt, Germany, October 25, 2018. REUTERS/Kai Pfaffenbach
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ROME (Reuters) – The concern raised by European Central Bank chief Mario Draghi over the health of Italian banks was “improper”, Alberto Bagnai, a prominent lawmaker of the ruling League party, said on Friday.
Draghi warned on Thursday that a recent sell-off in Italian government bonds was set to dent the capital of Italy’s banks, which own about 375 billion euros (333 billion pounds) worth of that paper.
(Reporting by Giselda Vagnoni; Editing by Crispian Balmer)