Visco, the risk for Italy is not – BBC

BANK OF ITALY

Milan , March 27, 2015 – 15:09

     
     
 

” Today there is no risk of inflation in Italy but yesterday c ‘ was, today is the opposite risk, the risk of deflation. ” He said the governor of the Bank of Italy, Ignazio Visco, speaking at the ceremony to mark the thirtieth anniversary of the death of Tarantelli, economist killed in 1985 by the Red Brigades in the parking lot of the University La Sapienza. Accused, at the time, to be responsible for the cuts of the shots on the escalator, the system at that time wages indexed to inflation. Visco recalled studies on inflation economist murdered and added that “then that inflation was a serious problem, with high inflation rates.” Tarantelli, added Visco, “was concerned to see the impact that the escalator was in a world subject to continuous shocks, such as the exit from the monetary snake or oil prices. The escalator was a basically unfair – he added – he had the idea of ​​looking at inflation later that was the forerunner of the expected inflation and the fact that the income policy then was called consultation 7-8 years later after the his death. The day before he was killed – he added – we had a dispute on their structural features of inflation in Italy, in the 80′s when there were no more shocks on the supply side. “

March 27, 2015 | 15:09

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