Financial stability risks down - BoI

Stop uncertainty on safeguard clauses says central bank

(ANSA) - Rome, November 22 - Financial stability risks in Italy are down, the Bank of Italy said Friday.
    But macroeconomic deterioration and persistent high debt expose the country to tensions, it added.
    The government should end uncertainty about budget safeguard clauses which in recent years have raised fears that VAT might be hiked, the central bank said.
    Dispelling this uncertainty immediately would boost market confidence, it said.
   

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