ECB Should Cut Rates to Weaken Euro, Italy’s Deputy Premier Says

The European Central Bank should reduce borrowing costs to help the economy by weakening the single currency, Italian Deputy Premier Antonio Tajani said.

“We have to ensure that the euro-dollar exchange rate isn’t so detrimental to the euro, which is currently too strong,” Tajani, who is also foreign minister, was quoted as saying by Italian newswire Ansa. “The ECB needs to intervene.”