Italy’s departing central bank governor has urged prime minister Giorgia Meloni’s government to soothe investors’ fears about the country’s debts by reducing its fiscal deficit and tackling reforms needed to boost growth.
Ignazio Visco, who steps down at the end of this month after 12 years leading the Bank of Italy, told the Financial Times that the recent surge in Rome’s borrowing costs showed investors were “insuring themselves” against a spiral of weak long-term growth prospects and high debt.
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