Visco says Italy, Europe still in economic stagnation-update

(ANSA) - Rome, June 25 - Bank of Italy Governor Ignazio Visco said Thursday that the Italian and the European economies were still in a phase of "stagnation". He said that it "will take years" to return to the levels of economic activity seen in 2008 before the global economic crisis began to take its toll.
    Visco also warned that there are "very serious" signals of a lack of confidence in eurozone countries, "a sign that on the political side, progress is still far away".