US EditionItaly Complains About Strong Euro, Urges ECB to Cut Rates
22 Articles
22 Articles
The Italian Foreign Minister considers that the status quo of the European Central Bank, which is added to the US customs duties, is detrimental.
Italian Foreign Minister Antonio Tajani on Friday called on the European Central Bank (ECB) to cut interest rates to weaken the euro, while warning that its strength was hurting Italian exporters.
Italy’s Deputy Prime Minister Urges ECB to Cut Rates, Restart QE
Italian Deputy Prime Minister Antonio Tajani called on the European Central Bank to lower borrowing costs and resume quantitative easing to help prevent gains in the euro from hurting his country’s exporters.
Italian exporters are among those most hurt by the strong common currency
Italian Foreign Minister Antonio Tajani has called on the European Central Bank to cut interest rates. The aim is to weaken the euro, as the current strong European currency is hurting Italian exporters, AFP reported. "In addition to US import tariffs, our exporters are also being hurt by the increasingly weak dollar and the increasingly strong euro," Tajani told reporters after talks with EU Trade Commissioner Maroš Šefčovič.
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