ECB's Visco says QE has eased deflation fears

Bank of Italy and ECB man Ignazio Visco at the annual Bank of Italy meeting

• ECB asset purchases has eased deflation fears but must continue to bring inflation back to target
• There's no signs that low Eurozone interest rates are creating generalised imbalances
• Greek crisis fuelling grave tensions that could prove destabilising
• Italian government right to dose fiscal measures after severe restrictions following 2011 crisis
• Italian government reforms have been recognised by markets but must be broadened and implementation must be accelerated
• Italian GDP to expand in Q2 and subsequent quarters but recovery weaker than in EZ as a whole

The rest is waffle