Italy’s Visco: the exit from the Euro is not a solution to Italy’s problems

FXStreet – Italy’s Central Bank chief and ECB member Ignazio Visco gave a speech at the annual meeting of the Bank of Italy (BoI).

Important Points:

“It is an Illusion to believe that Italy’s economic problems can be solved, if you exit from the economic and monetary Union.”

Italy can push its debt in about 10 years, to less than 100% of GDP.

Italy needs to focus on the fact that the huge state is reduced debt, as this “is a serious source of problems, which impacted the economy of the country.”

** FXStreet News Editorial, FXStreet**

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