Italy’s EcoMin: Italy economy could grow above 1.5% this year

Reuters reports comments from the Italian Economy Minister, as he speaks to the reporters on the Italy’s economic outlook.

Key Headlines:

Italy economy could grow above 1.5% this year.

Recovery seen sustainable in 2018-19.

Cases of Banca Carige, Creval are not sign of a banking system in difficulty.

Authorities supervised banks in an adequate manner but bad management should have been dealt with in a more decisive way.

Elsewhere, European Commissioner for Economic and Financial Affairs (EU), Pierre Moscovici, was reported as saying that Italy can't live with such high debt while calling for credible tax haven list.