Govt banks intervention reduce risks -EU

Structural reforms should life growth says Commission forecasts

(ANSA) - Rome, November 9 - The European Commission said Thursday the a recent series of government bailouts for troubled Italian banks was a positive factor for the country's growth prospects. "The recent government actions to address acute risks in weaker banks could help unclog bank lending and further reduce downside risks, while structural reforms are expected to lift potential growth," the Commission said in its autumn forecasts.
   

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