No monetary squeeze for oil price surge says Giorgetti

(ANSA) - ROME, MAR 9 - Group of Seven countries should not respond to the oil price surge sparked by the Iran was with a monetary squeeze, Economy Minister Giancarlo Giorgetti told his G7 counterparts Monday. "Let's not forget the lesson of the war against Ukraine: The economic risk is once again the flare-up caused by rising energy prices, and it would be serious to think that the solution could be monetary tightening," he stated in a post published on social media by the Ministry of Economy...

By ANSA