Ignazio Visco: Overview of economic and financial developments in Italy

Concluding remarks by Mr Ignazio Visco, Governor of the Bank of Italy, at a meeting for the presentation of the Annual Report 2016 - 123rd Financial Year, Bank of Italy, Rome, 31 May 2017.

Ladies and Gentlemen,

Carlo Azeglio Ciampi, President Emeritus of the Italian Republic and Governor Emeritus of the Bank of Italy, passed away on 16 September.

He joined the Bank in 1946, serving as Governor from 1979 to 1993. Immediately following his appointment he had to address the gravest banking crisis of the post-war period, with the Bank of Italy still shaken by the dramatic events that had seen its top management unjustly accused.