The Banca D’Italia manages Italy’s foreign reserves, which comprise the fourth-largest gold reserve in the world.(Vittorio Zunino Celotto/Getty Images)
The Banca D’Italia manages Italy’s foreign reserves, which comprise the fourth-largest gold reserve in the world.
(Vittorio Zunino Celotto/Getty Images)

Germany After Italy’s Gold, Again

November 14, 2011  •  From theTrumpet.com
 

Italy should sell its gold reserves to help deal with its debt, Gunther Krichbaum, chairman of the Committee on the Affairs of the European Union in the German Parliament, was quoted as saying in the Rheinische Post.

Several months ago, members of Chancellor Angela Merkel’s Christian Democratic Union (cdu) and its coalition partner the Free Democratic Party (fdp) made similar suggestions. Italy and Spain should “fix their budgets, something they can carry out through privatization and the sale of its gold reserves,” said Michael Fuchs, deputy spokesman of the cdu’s parliamentary group.

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