Berlusconi calls for ECB rate cut

Italian Prime Minister Silvio Berlusconi has called on the ECB to cut its interest rates, believing the euro to be over-valued against the dollar and complaining that it is hindering Italian exports by making them less competitive.

He also wants other heads of government in the eurozone to back his proposal.

Berlusconi said that he will continue to lobby for a committee representing European Union governments to be set up alongside the ECB.

Berlusconi said in an interview :"I believe we should p