Italy problem is public debt - Visco

Not debt on banks' balance sheets

(ANSA) - Milan, February 13 - bank of Italy Governor Ignazio Visco said Wednesday "the problem in Italy is the public debt, not the public debt on the balance sheets of banks".
    He said "growth in Italy is falling and the interest rate on debt is rising.
    "Now it is double what it was only eight months ago. There is a serious problem and it becomes even more acute when there is underlying uncertainty that pushes those investing in public debt to continue to insure themselves".
   

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