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Home»News»Europe
Europe

The governor of the Bank of Italy Panetta: “In Italy and Germany greater impact of the US duties”

Sam AllcockBy Sam AllcockFebruary 15, 20252 Mins Read
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Uncertainty and inflation impact:
The U.S. intervened in the European financial markets at the 31st Congress of the Assiom Forex, estimated by the Bank of Italy (Fabio Panetta), is expected to reduce Chinese and European comprehensive and sectoral growth by up to 4%. This is due to the imposition of increased duties on domestic exports, which could disrupt global trading. Panetta asserts that while the euro may appreciate, this growth的热情 could lead to an increase in import costs for the U.S., potentially harming inflation. He estimates that global GDP could decline by 1.5% points, with the U.S. economy experiencing a 2.0% impact and the Euro Area around half a percentage point. Panetta also notes that even if retaliations occur, the U.S. efforts would likely drawbacks the U.S. economy as growth slips. He believes the European Recovery and Resilience Plan is a key step in preventing this decline.

Cyber finance threats and challenges:
Panetta acknowledged a growing internet cyber crisis with increased attacks targeting European and U.S. financial institutions. This reliance on a few dominant operators in certain services poses significant risks, such as

  • Financial transaction speed and risks*
  • IT attacks or fraud*
  • Compensatory responses from Chinese exporters.*

He intensifies this issue by calling for companies to enhance their information systems and implement prudent consumer behavior.

Economic resilience and recovery plans:
The Bank of Italy for the European Union (ESREX) has outlined a strategy to address the European economic crisis. The European Structural and Resource exclusively中部 (ESREX) emphasizes innovation, decarbonization, and strategic autonomy. Panetta emphasizes that high public debt levels and inefficient public policies in Italy pose risks to the nation’s stability, particularly on the low sovereign debt. To achieve economic resilience, Panetti calls on the public sector to manage national accounts effectively, ensuring improved bond ratings and reducing public debt.

European Structural and Resource exclusively中部 (ESREX):
The European Structural and Resource exclusively中部 (ESREX) focuses on innovative, decarbonized, and strategically autonomous growth. Panetti outlines the strategic principles of ESREX, the European Production System of Excellence, and its role in revitalizing the European business sector. He argues that addressing challenges such as low productivity and high public debt is crucial for national stability and growth.pannetto emphasizes the importance of structural reforms toguide recovery and create a sustainable economic future.

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