Ignazio Visco: Banks’ sovereign exposures and the feedback loop between banks and their sovereigns Concluding remarks by Mr Ignazio Visco, Governor of the Bank of Italy, at the conference “Euro50 Group. The Future of European Government Bonds Markets”, Rome, 2 May 2016.
It is tempting to view the economic events of the last three years as a series of unrelated, unpredictable, unfortunate financial shocks. And it is easy – too easy, really – to bemoan the latest flare-up of crisis conditions, and chalk it up to the global economy’s continued string of bad luck.