Giorgia Meloni's government attacks the ECB

Could this already be the real end of the “Draghi era”, that of peaceful relations between Italy and Europe?

After a few weeks of controlled discourse with regard to the European Union, the government of Giorgia Meloni is attacking the European Central Bank (ECB) head-on.

The rise in rates to 2% to counter inflation, the announcement of future increases and the decision to halve the purchases of Treasury bills by the ECB as of March triggered a storm on the markets.

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For Italy, the ten-year rate climbed to 4.4% on Friday, even exceeding the Greek rate.

And the gap with the German rate, the "spread", has suddenly widened, from 180 to 220 basis points.

A reaction very badly experienced by the Italians.

It was enough for Christine Lagarde, the President of the ECB to say, on Thursday,

pointing

for Rome feels directly targeted by the…

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