Economics
Italy Seeks ECB Board Seat to Push for Infrastructure Investment
- Lawmaker Borghi wants central bank to buy debt to boost growth
- Italian proposal likely to be controversial for central bank
Giuseppe Conte, Italy's prime minister, speaks during a "Future of Europe" plenary session debate at the European Parliament in Strasbourg, France.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Italy will seek a seat on the European Central Bank’s Executive Board and use it to push the institution to buy bonds to fund infrastructure projects, according to a senior lawmaker in the coalition government.
European Union leaders are preparing to start negotiations over the next suite of top policy positions including a replacement for ECB President Mario Draghi. His departure at the end of October could leave Italy without a place at the heart of the central bank for the first time in the currency bloc’s history.