ECB's Villeroy: Euro is part of solutions for Italy's economic problems

Comments by ECB member Villeroy to Corriere

• Italy is needed for more effective euro area

The ECB for the most part has refrained from commenting too much about Italy and Villeroy's comments here are very much just scratching the surface of the issue. Nothing that will indicate the central bank's bias towards the situation, although we all sort of know where their political allegiance lies.