Italy's Fazio on economic developments

In the speech 'Economic developments and the banking system' given on 13 July Antonio Fazio of the Bank of Italy said there are signs that the world economy is slowing down with respect to its exceptional expansion last year, but growth remains robust.

"Its course must not be affected by the recurrence of terrorism. This requires a coordinated, effective response in the various fields, including at European level, and the continuation of the initiatives for detente and peaceful coexistence.

The

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