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05.08.2016 06:27

ECB member and Governor of the Bank of Italy, Visco: It would be wise to be prepared for possible public aid for Italian banks

  • Monti Del Paschi rescue plan is challenging but conditions are there for it to succeed

  • Banks must continue to reduce branches

  • It may be necessary to consider special measures beside current welfare support to cut staff

  • Seriousness of economic crisis Italy experienced can justify state support for banks

  • Expects government to continue to stick to commitment to reduce debt burden over output

  • Nominal rates to remain low until Eurozone inflation is back in line with our price stability goal

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