Details of the Bank of Italy financial report

  • Greek crisis risk unpredictable
  • Eurosystem is ready to cope with Greek financial repercussions
  • QE has lowered financial stability risks
  • QE has had a positive impact on Italy equity and corporate bond market
  • Will facilitate an Italian fiscal adjustment pat
  • Protracted recession weighs on credit flows

Never satisfied this lot. This time last year they were paying over double in yields on 10's. Now they're moaning about a few ticks because of Greece?