Bank of Italy chief sees signs of recovery
But Visco warns political instability is a threat10 September, 11:52
''Recent indicators show a gradual improvement (in the economy),'' Visco said. ''The fall in production should stop in the coming months''. Visco also warned that: ''the downside risks to this scenario are heightened by investors' concerns about possible political instability,'' making reference to worries over the fragility of Italy's unprecedented right-left coalition government.
''Recovery is now at hand but downside risks remain significant. If we want to seize the opportunity we cannot relax our efforts,'' Visco declared.
''The key to success will be the shared determination to move towards a European Union in all respects. At this stage, the test of our determination is the construction of an effective Banking Union,'' Visco added.