Ignazio Visco: 2013 World Savings Day Address by Mr Ignazio Visco, Governor of the Bank of Italy, at the 89th World Savings Day, organised by the Association of Italian Savings Banks (ACRI), Rome, 30 October 2013.
*  *  *  After a prolonged decline, in Italy there has been a slight recovery in saving in the last two years, from under 17 per cent of national income in 2010 to almost 18 per cent in 2012. The increase reflects a reduction in the negative contribution of the public sector.