Bank of Italy’s Visco says Europe needs long term debt resolution plan
Ignazio Visco, the deputy director general of the Bank of Italy, on 26 October said a debt resolution mechanism in Europe requires the backing of voters for a smooth fiscal sustainability plan.
At an event in Rome, Visco said: "Asking voters to agree on fiscal consolidation packages without convincing them of their advantages is not straightforward. But well-designed, stable and easy to apply fiscal rules can contribute to the emergence of a public consensus in favour of policies aimed at fiscal
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