Giuseppe Vegas, the president of
stock-market regulator CONSOB, said in his annual speech to the
financial market Monday that Italy must prepare itself for the
tightening of the European Central Bank's monetary policy.
"Inflation is gradually returning to the area of the 2% target,
while in the United States a monetary increase is taking place,"
Vegas said. "Italy will have to prepare to face a new situation,
in which it will no longer be possible to count on the external
support of monetary leverage".
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