Italy’s Visco on government reforms
Ignazio Visco, the deputy director-general of the Bank of Italy, said on Wednesday that reform programmes to reduce the government deficit in Italy will require fiscal prudence and good economic policy.
Giving testimony to the Joint Session of the Fifth Committees of the Italian Senate and Chamber of Deputies, in Rome, Visco said: "The programmes are ambitious and require a considerable and prolonged decline in spending. This is the road to take. In order for efforts to be sustained, the
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