Bank of Italy Governor Ignazio Visco
on Friday said Italy's current "crisis" is caused by domestic
tensions.
Visco said previous crises were caused by what he described
as "violent" and "exogenous shocks" over the past seven to 10
years that caused "very serious difficulties" while the current
one is sparked by "endogenous tension".
Visco also warned politicians about "falling into a ravine"
if they try to "take things too fast".
The governor was speaking at a meeting in Milan organized as
part of the initiative 'Meetings with the Bank of Italy'.
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