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Saccomanni: our banking system has shown resistance to shocks

Economy Minister Saccomanni answered questions from journalists on the OECD report, which shows that the weakness of our banks is one of the causes of Italy's recession

Saccomanni: our banking system has shown resistance to shocks

"The Italian banking system, I know from experience, is a system that has shown its ability to withstand very severe shocks and this has also been recognized by the IMF". Economy Minister Fabrizio Saccomanni said today in response to questions from journalists on the matter OECD report (from which it emerges that the weakness of our banks is one of the causes of the recession).

“The fact remains – continued Saccomanni – that it is true that our country comes from a prolonged period of recession and that this has an impact on our system because it is closely linked to corporate financing”. However, as the Minister pointed out, "there is no concentration of risk in any sector of the economy, because the risk is uniformly distributed".

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