Bank of Italy Governor Ignazio
Visco warned Monday that the European Union is currently facing
unprecedented perils.
"Sixty years after the signing of the Treaties of Rome, the
risk of political paralysis in Europe has never been so high and
it requires a united response," Visco told a conference at the
foreign ministry in Rome.
European leaders will take part in a big summit in the
Italian capital later this month to mark the 60th anniversaries
of the treaties that created the entity that became the EU.
Visco said Monday that Euroskepticism risked damaging the
economy.
"You cannot ignore the growing Euroskepticism, even though it
is not the majority position," Visco told the 10th MAECI - Bank
of Italy Conference featuring finance-sector operators.
"It creates a climate of uncertainty and pessimism that can
discourage household spending.
"Higher risks for the eurozone's and Italy's medium-term
prospects could derive from the accentuation of a climate of
uncertainty and pessimism, which may discourage the spending
plans of families and firms and hamper the return to a path of
continuous, balanced and sustained growth.
ALL RIGHTS RESERVED © Copyright ANSA
