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Italy's Salvini says idea to use gold reserves "could be interesting"

Kitco News

ROME, Feb 11 (Reuters) - Italian Deputy Prime Minister Matteo Salvini said on Monday that the idea of plugging budget holes by using the country's gold reserves, which are held by the Bank of Italy, could be a good idea.

Earlier, La Stampa newspaper reported the government was considering using part of the country's gold reserves to avoid a budget correction for this year and a VAT increase in 2020.

"It's not an issue that I am following, but it could be an interesting idea," Salvini told reporters in Rome after being asked about the possibility of tapping gold reserves.

(Reporting by Angelo Amante, writing by Steve Scherer; Editing by Crispian Balmer)

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