Governor of the Bank of Italy speaking in Rome via Bloomers

  • CB's can limit bank failure impact but no avoid them
  • We have a demand problem in Europe
  • Europe has a problem of falling prices
  • High public debt is an obstacle for Italian public spending

No mention of monetary policy from the ECB man, yet.

How about this cracker;

  • ECB decisions are useful to buy time ahead of government reforms

"He said government reforms"

  • Governments need to compliment ECB with policies to help companies