Bank of Italy and ECB man Ignazio Visco at the annual Bank of Italy meeting

  • ECB asset purchases has eased deflation fears but must continue to bring inflation back to target
  • There's no signs that low Eurozone interest rates are creating generalised imbalances
  • Greek crisis fuelling grave tensions that could prove destabilising
  • Italian government right to dose fiscal measures after severe restrictions following 2011 crisis
  • Italian government reforms have been recognised by markets but must be broadened and implementation must be accelerated
  • Italian GDP to expand in Q2 and subsequent quarters but recovery weaker than in EZ as a whole

The rest is waffle