Visco says real economic neglected in crisis management

Bank of Italy government complains of 'mistakes, delays'

(ANSA) - Rome, October 2 - Bank of Italy Governor Ignazio Visco has said that the eurozone crisis was handled badly because the needs of the real economy were neglected.
    In an interview published by Naples daily Il Mattino ahead of a meeting of the European Central Bank's governing council in the city on Thursday, Visco said that "we have had a serious crisis because of many mistakes and delays.
    After the crisis started with the banks, the governor said, "we intervened in Greece with a debt-restructuring operation, instead of resolving the problems of the real economy".
    He added: "the crux is that capital left Europe and this created the sovereign debt crises".


Change cookie consent