Visco says Italy now needs wider reforms

(ANSA) - Dresden, May 29 - Bank of Italy Governor Ignazio Visco said Friday that Italy now needs "wider reforms that will change the structure of the economy" and will take more time to implement. Speaking at the G7 meetings, Visco said that since 2011, Italy has implemented many reforms but now it is time to expand these further. Commenting on new statistics showing first-quarter growth that has ended the Italian recession, Visco it appears to be "an exit from the crisis that must be consolidated as soon as possible".