Ignazio Visco: The recovery and the risks – an Italian central banker view Speech by Mr Ignazio Visco, Governor of the Bank of Italy, at the 20th ASSIOM FOREX (the Financial Markets Association of Italy) Congress, Rome, 8 February 2014.
*  *  *  The recovery and the risks Since last summer the continued strengthening of economic activity in the advanced economies, particularly the United States, has been accompanied by an improvement in financial conditions and a decline in the risk premiums on government bonds in the euro area.