Ignazio Visco: Recent economic and financial developments in Italy Address by Mr Ignazio Visco, Governor of the Bank of Italy, at the Annual Meeting of the Italian Banking Association, Rome, 8 July 2015.
*  *  *  The breakdown of the negotiations between Greece and its international creditors and last Sunday’s referendum results have had a relatively modest impact, so far, on the euro area’s financial markets. Certainly, the availability of viable, credible European instruments for intervention has helped.