Prodi backing ECB independence

Italian prime minister Romano Prodi said this week the European Central Bank (ECB) should maintain its independence and that it had done a good job in its interest rate policy.

Speaking to reporters during an official visit to Turkey, Prodi said Italy had always favored an autonomous central bank and the high euro was a sign of market confidence in the currency, which reflected well on the ECB's policy.

"I've always believed in strong autonomy between governments and central banks," Prodi said