NEW YORK, NY / ACCESS Newswire / December 15, 2025 / For more than a century, the global financial system has rested on an unchallenged assumption. Central banks believe they know what sits in their vaults. ...

Italy has resolved differences with the European Central Bank (ECB) over a draft budget amendment on the ownership of the Bank of Italy's gold reserves, Italian Treasury sources said on Thursday. ...

Core Viewpoint - The European Central Bank (ECB) is urging Italy to reconsider a parliamentary amendment that claims the national central bank's gold reserves are owned by the Italian people [1] Group 1 - The ECB's call for reconsideration highlights concerns over the implications of the amendment on the independence of the national central bank [1] - The amendment could potentially alter the management and control of Italy's gold reserves, which may affect monetary policy [1] - The ECB emphasizes the importance of maintaining central bank independence in the context of national assets [1]

Core Viewpoint - Italian lawmakers are determined to assert that the central bank's $300 billion in gold reserves are state property, despite significant concerns regarding the implications of this claim [1] Group 1 - The central bank's gold reserves are valued at $300 billion, which is a substantial asset for the state [1] - Lawmakers are moving forward with their claim, indicating a strong political will to redefine ownership of these reserves [1] - There is widespread concern about the potential consequences of this claim, suggesting that it may lead to financial instability or legal challenges [1]

Core Points - Italian lawmakers are making efforts to assert that the central bank's gold reserves, valued at $300 billion, are state-owned [1] Group 1 - Lawmakers have presented a proposal to parliament regarding the ownership of the central bank's gold reserves [1]