Fazio warns Italian government on spending

Speaking during the Bank of Italy's annual meeting on Monday 31 May, Antonio Fazio said that Italy is still capable of joining in with the world recovery but it has to change direction, initiating a clear, concrete and agreed economic policy.

"In the final considerations" read from the platform of the general meeting of the Bank of Italy, Governor Fazio sent out a clear message: "It is necessary to have a clear, secure economic policy, based on concrete figures and on well defined actions,

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