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Covid: Visco, risks if you help late or stop early

2020-11-17T21:57:11.922Z


Given the gravity of the crisis triggered by Covid "the fiscal and monetary authorities should continue to provide support, promptly and adapt their action to the evolving situation. (ANSA)


(ANSA) - ROME, NOVEMBER 17 - Given the gravity of the crisis triggered by Covid "the fiscal and monetary authorities should continue to provide support promptly and adapt their action to the evolving situation. Withdrawing support too soon or a lack of timely intervention could fragment the recovery and exacerbate social unrest ".

This is what the governor of the Bank of Italy, IgnazioVisco said, during his speech at the TheGlobal Foundation virtual meeting for the Italian presidency of the G20.


   Increasing everyone's digital skills and financial awareness and fighting global warming are the two "main and complementary" avenues for a "rebound" to a more inclusive and resilient recovery, the governor said. "We should make the most of the lessons learned from crysipandemics and use them to" bounce forward, "he said." The common goal is to make sure no one is left behind, counteracting both the risk of exclusion and financial misconduct, such as over-indebtedness, induced. from irresponsible access to digitization "(ANSA).


Source: ansa

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