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Here are some of the key highlights from the ECB Governing Council Member and Bank of Italy Governor Ignazio Visco’s speech at the presentation of the central bank’s annual report.

   “¢   There are no shortcuts for reducing debt.  
   “¢   Most probable scenario for Italy is moderate growth & graudally rising inflation.
   “¢   Seeing recovery in Italian economy, growth increasingly self-sustained.
   “¢   Urges Italy to press on with reforms.