Rome warns of rising pressures on Europe's central banks

Fabio Panetta, a member of the European Central Bank Governing Council and Governor of the Bank of Italy, warned of increasing political pressures on central banks in Europe due to government demands for higher pension spending, support for the industrial sector, and increased defense expenditures. He explained that these pressures could lead to a decline in the independence of central banks, as the financial policies of governments would become the main determinant of monetary policies, threatening their ability to control interest rates and steer economies independently.

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