Italian government eyes reserves for debt payment

The Italian government is proposing to use part of the central bank's gold and currency reserves to pay down national debt, which is currently at 107% of the country's gross national product. The country's parliament has approved a resolution calls for an exploration of how the Bank of Italy's reserves can be tapped.

The resolution calls for the government to: "Undertake, also in its relations with the European Union, a survey of all instruments useful to producing a significant reduction of