The member of the Governing Council of the European Central Bank (ECB), Ignazio Visco, said on Thursday that supply bottlenecks are starting to weigh on the Italian economy and has added that could last longer than expected, as reported by Reuters.
Additional comments
“Household and corporate bank deposits have increased in more than 200,000 million euros, and will decrease as consumption resumes“.
“The European Union should consider joint management of at least the last two years of countries’ debt, with sunk funds to buy domestic bond deals. “
“The pandemic showed limits of the European Union without a common budgetary capacity.”
“Public debt is crucial to counteract the crisis, but it cannot be used to finance current spending.”
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I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.
