The financial consequences of a temporary increase in the budget deficit can be mitigated if the necessary adjustment path is drawn up and managed in a climate of open and constructive dialogue, within the framework of the existing procedures.
6  Address by Governor Ordinary General Meeting of Shareholders  BANCA D’ITALIA  Investment assets, amounting to € billion, consist mainly of bonds and, to a lesser extent, equity shares. Since last year, the Bank has modified its investment strategy, integrating Environmental, Social and Governance (ESG) factors into the management of its equity portfolio.