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Risk of EU paralysis never so high-Visco (2)

United response required says Bank of Italy Governor

Redazione Ansa

(ANSA) - Rome, March 13 - Bank of Italy Governor Ignazio Visco warned Monday that the European Union is currently facing unprecedented perils. "Sixty years after the signing of the Treaties of Rome, the risk of political paralysis in Europe has never been so high and it requires a united response," Visco told a conference at the foreign ministry in Rome. European leaders will take part in a big summit in the Italian capital later this month to mark the 60th anniversaries of the treaties that created the entity that became the EU.
    Visco said Monday that Euroskepticism risked damaging the economy. "You cannot ignore the growing Euroskepticism, even though it is not the majority position," Visco told the 10th MAECI - Bank of Italy Conference featuring finance-sector operators. "It creates a climate of uncertainty and pessimism that can discourage household spending.
    "Higher risks for the eurozone's and Italy's medium-term prospects could derive from the accentuation of a climate of uncertainty and pessimism, which may discourage the spending plans of families and firms and hamper the return to a path of continuous, balanced and sustained growth.
   

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