Italy withdraws proposal on ECB statutes

EU Presidency holder Italy is reported to have withdrawn a proposal to simplify procedures for changing the ECB's statutes in response to protests from the central bank. Jean-Claude Trichet wrote to Italian Foreign Minister Franco Frattini to express serious concern at the proposal recently.

Source: Boersen-Zeitung

German newspaper Boersen-Zeitung reports that EU Presidency holder Italy has withdrawn from the draft EU Constitution a proposal to simplify procedures for changing the European Central

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