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The undersecretary at the Italian Economy Minister Alessio Mattia Villarosa said on Friday, The European Central Bank must intervene with a sense of urgency to ensure eurozone member states have similar borrowing costs.

Villarosa said in a statement: “We need a radical change of course. We need urgent ECB intervention that is addressed directly to the member states to ensure a homogeneous cost of public funding.”

This comes after ECB President Christine Lagarde said on Thursday the central bank was “not here to close spreads”.

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