Bank of Italy Governor Ignazio
Visco has said that the eurozone crisis was handled badly
because the needs of the real economy were neglected.
In an interview published by Naples daily Il Mattino ahead
of a meeting of the European Central Bank's governing council in
the city on Thursday, Visco said that "we have had a serious
crisis because of many mistakes and delays.
After the crisis started with the banks, the governor said,
"we intervened in Greece with a debt-restructuring operation,
instead of resolving the problems of the real economy".
He added: "the crux is that capital left Europe and this
created the sovereign debt crises".
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