Overview
- The Budget Committee deemed the amendment admissible, setting up a chamber debate in the coming weeks.
- Senator Lucio Malan rephrased the text from asserting state ownership to stating the gold "belongs to the Italian People" after Treasury technicians flagged expropriatory risks.
- The ECB was not consulted, and its 2019 guidance says ownership declarations do not allow governments to use central‑bank gold for fiscal or economic policy.
- The Bank of Italy holds 2,452 tonnes of gold valued at roughly €200 billion, managed within the Eurosystem framework.
- Majority figures publicly defend the principle, though some reporting indicates the measure could be dropped to avoid a clash with Brussels, with the discussion unfolding alongside modest ISTAT growth and low inflation data.