Trade and finance in a fragmented world
· Fabio Panetta, Governor of the Banca d'Italia (Italy)
Summary written by Dark Majestic in its own words · topics: financial stability, public finances and debt, trade, fragmentation and geopolitics
FP · Fabio Panetta Wiki · Banca d'Italia WikiTrade and finance in a fragmented worldContextSpeech by the Governor of the Bank of Italy at the 32nd ASSIOM FOREX Congress, the yearly meeting of Italian market professionals.
Why it mattersCovers public debt, global imbalances and Europe's fragmented capital market from Italy's point of view.
Problems raised- Geopolitical and trade tensions are high.
- Public debt and external imbalances are elevated.
- Vulnerabilities build up in financial markets.
Solutions proposed- Strengthen the EU's capacity to decide and act.
- Build a genuine European capital market.
- Pursue trade agreements and cooperation.
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