Italy’s new government, headed by former European Union Commissioner Mario Monti, has an unlikely supporter in President Giorgio Napolitano, an ex-communist who once praised the Soviet Union for crushing the 1956 reformist movement in Hungary.
Showing posts with label Bank of Italy. Show all posts
Showing posts with label Bank of Italy. Show all posts
7/08/2011
ECB's Draghi: G20 Should Be Able To Manage Legacy Of Crisis
AIX-EN-PROVENCE, France (MNI) - Foreign exchange rate tensions and conflicts among national policies can best be countered by pursuing the international cooperation set up during the crisis, European Central Bank Governing Council member Mario Draghi said Friday.
Introducing the topic "Currency Wars" for a round table here, the governor of the Bank of Italy hesitated to use a phrase evocative of "disasters" but acknowledged the "reality" of national monetary policies that create undesirable spillovers.
Introducing the topic "Currency Wars" for a round table here, the governor of the Bank of Italy hesitated to use a phrase evocative of "disasters" but acknowledged the "reality" of national monetary policies that create undesirable spillovers.
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