Bank of Italy Deputy
Director-General Luigi Federico Signorini told parliament on
Monday that the forecasts in the government's economic
blueprint, the DEF, were "plausible". But Signorini also
stressed that there was a risk of "less favourable
developments". He added: "geopolitical tensions could affect the
confidence of companies and households. The financial markets
remain subject to great volatility". The central bank said it
was "positive" that the government's economic and financial
blueprint sees "public debt falling this year despite a
worsening of growth projections". But Signorini said "the
margins are not wide", stressing the need to closely monitor
public accounts. "To ensure reaching the objective it will be
necessary to maintain during the year a close monitoring of the
public accounts," he said.
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