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Treasury: Brexit will have limited effects for Italy

Thus expressed the Committee for the safeguarding of financial stability, the body chaired by Economy Minister Pier Carlo Padoan which met this morning with the participation of the Governor of the Bank of Italy Ignazio Visco and the president of Consob Giuseppe Vegas.

Treasury: Brexit will have limited effects for Italy

La Brexit it will have limited effects for Italy. This is the assessment of the Committee for the safeguarding of financial stability, the body chaired by the Minister of the Economy Pier Carlo Padoan which met this morning with the participation of the Governor of the Bank of Italy Ignazio Visco and the president of Consob Giuseppe Vegas.

Brexit “will have however limited effects on the real Italian economy“, writes a note issued by the Treasury. “The solidity of corporate fundamentals will soon prevail over the volatility of financial markets. The fundamentals of the banking system also remain solid. In a context of generalized volatility at a global level, the authorities are monitoring the situation carefully”, underlines via XX Settembre again.

"Despite the large price excursions - it continues - the operations of the financial markets continue according to the normal methods". "It is clear that Brexit will have effects, causing anxiety on the markets and speculative effects, but we must transform the trauma into a great opportunity", commented the president of Confindustria, Vincenzo Boccia.

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