Debt-laden Italy slams ‘crazy’ ECB rate hike ...News

Three senior ministers make unusually negative comments about the Eurozone financial regulator’s policy Italian ministers publicly lashed out at the European Central Bank on Friday for a yet another interest rate hike, branding the decision “baffling” and “crazy.” The comments from three senior ministers from the recently appointed Italian government come after the ECB raised its benchmark rate by half a percentage point on Thursday. It’s feared the move, aimed at taming inflation, will pile financial pressure on one of the Eurozone's most indebted countries. Shortly after the announcement, Italy’s Defense Ministe

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