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 - Copyright Kai Pfaffenbach(Reuters)

By Reuters

Published on 26/10/2018 - 08:34•Updated 18/04/2024 - 10:16

Comments

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.