Visco echoes Draghi with call for more private investment
Traditional policies ‘appear to be increasingly ineffective’, says Visco
The Bank of Italy governor, Ignazio Visco, has called for a business environment "more conductive to private investment" and for investment infrastructure to be raised "high[er] in the policy agenda".
Visco outlined his thoughts – similar to the ones ECB president Mario Draghi laid out earlier this month – in a speech yesterday at the IEA-ISI Strategic Forum 2014, in Rome, where he stressed that some of the traditional policy tools used to stimulate demand "appear to be increasingly ineffective"
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