IMF warns Italian financial sector is ‘not out of danger'

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The International Monetary Fund (IMF) has warned Italian policy-makers that the economy is not yet safe, with structural reforms and greater efforts to shore up the banking system still required.

Having completed both an Article IV consultation and a financial sector assessment programme, the IMF delivered its verdict on Friday. The Italian economy is expected to pull out of its nosedive, with growth of around -1.8% this year and 0.7% in 2014. Confidence indicators are improving and exports have

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