Italy risks recession, must act - Savona

EU able to create financial stability, not development

(ANSA) - Rome, December 5 - The government must act given the risk of a recession, European Affairs Minister Paolo Savona said Wednesday. Italy "cannot wait for" the slow transition that will lead to a new European Parliament, a new European Commission and a new European Central Bank in 2019, he said, "because (Italy) must face the risks of a recession".
    Therefore, he said, "it is our duty to act".
    Savona stressed the "undoubted capacity of the European organisation to create financial and monetary stability but not to create development".


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