Ignazio Visco on Italian banks and why the ECB should not be made a ‘scapegoat’ for EMU fatigue

Italian governor speaks out about NPLs, bail-ins and the breakdown of trust in the euro area

Ignazio Visco meets Central Banking editor-in-chief Christopher Jeffery

You have just returned from the International Monetary Fund/World Bank annual meetings in Washington, DC. What were some of the key findings from your meetings? What were the big issues that central banks need to address?

The major takeaway was the climate of uncertainty at the world level. This is not just a case of economic and financial uncertainty – there is also concern at political, geopolitical, demographic and technological levels. Although we have seen some improvement in the assessment

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