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1924-2024 - one hundred years of fostering a savings culture

· Fabio Panetta, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, public finances and debt

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· Fabio Panetta Wiki · Banca d'Italia Wiki1924-2024 - one hundred years of fostering a savings culture

ContextAddress by Fabio Panetta, Governor of the Bank of Italy, at the 2024 World Savings Day, organised by the Association of Italian Savings Banks (ACRI), Rome, 31 October 2024.

Why it mattersRome's governor marks a century of World Savings Day by calling for a common deposit insurance scheme.

Problems raised
  1. Young people struggle to save and access credit.
  2. Italy's public debt is high.
  3. The banking union is incomplete.
Solutions proposed
  1. Foster a culture of saving.
  2. Carry out the recovery plan and reduce public debt.
  3. Create a European deposit guarantee scheme.
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