Rethink policy or risk recession says banking chief Patuelli

(ANSA) - ROME, FEB 9 - Antonio Patuelli, the president of Italian banking association ABI; told an ANSA Forum on Wednesday that the current energy crisis required a major revamp of government policy.
    He said geopolitical factors and the recovery of economic activity after the COVID-19 emergency put Italy before "an energy crisis the likes of which we have not had so bad since 1973.
    "It is necessary to rethink the policies on productive factors, one by one," he continued.
    "Things won't hold up as they are and there is the risk of a new recession in a period in which there should be development".
    (ANSA).