Reuters reports that ECB governing council member Ignazio Visco said that the EU should consider creating a sinking fund to manage public debt accumulated by member states during the COVID-19 pandemic in the last two years.
Visco said that after the crisis Italy should speed up the reduction of its public debt burden to avoid future risk of instability.
"If the economy continues to perform better than expected, it will be important to take advantage of this to reduce the deficit," he said.
He also said supply bottlenecks were starting to affect Italy and warned that the impact could weigh on prices and production for longer than expected.