Giuseppe Fonte

Italian lawmakers have revived attempts to establish that the central bank's $300 billion in gold reserves belong to the state by presenting a proposal to parliament.

Italian gas grid operator Snam said on Friday it has scrapped plans to acquire a minority stake in Germany's largest independent gas transmission firm, amid resistance from the German economy ministry.

European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Trump administration, five officials familiar with the matter said.

The European Union needs to adopt "strong and fast" rules against the invasion of cheap and unregulated products, Economy Minister Giancarlo Giorgetti said on Wednesday.

Italy is working to adopt a tax on low-value postal packages from non-European countries, senior politicians said, as part of measures to protect its fashion industry from low-cost foreign imports mostly from China.

Italy has told the European Commission it is ready to make some changes to its so-called "golden power" rules aimed at shielding companies in strategic sectors, sources said, as the EU prepares disciplinary steps over the matter.

Italy is working on ways to involve pension funds and insurance companies into high-impact projects as part of efforts to prevent domestic savings from flowing abroad, Economy Minister Giancarlo Giorgetti said on Tuesday.

Italian banks should use resources generated by the current favourable period to strengthen their capacity to cope with unfavourable scenarios, the country's central bank governor Fabio Panetta said on Tuesday.

The Italian government has approved a major reform of its Testo Unico della Finanza (TUF), the body of laws regulating investment services, financial markets and listed companies, first introduced in 1998.

Italy's chronic tax evasion started to rise again four years ago after years of declines, and has been worse than thought, the latest government data showed on Monday.