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The weakness of the euro area is “more perseverance than we expected” and “no recovery run by consumption”. This was said by Governor of Italy, Fabio Baneta, who intervened in streaming the API Executive Committee. As for Paneeta, “there is no two quarter growth in the euro area and tensions in the manufacturing sector.
The governor says that Europe is “probably the most regulating” but “not to follow the United States” on the path to regulate the banking sector “is dangerous to harm the work of the last 15 years after the financial crisis.” He said the “banks in Europe” thank you for the “rules for strengthening capital.”
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