Deflation risk is real says Italy's Padoan via ForexLive

• It's essential that it is avoided
• Ongoing economic crisis is not cyclical but deep and structural
• Italy is setting an example with growth friendly reforms
• Sustainable growth reforms needed for debt reduction
• Sovereign bond yields reflect very low risk perception (Oh really?)
• Italian public finances have lowest risk in EU

Italian finance minister Pier Carlo Padoan saying that Italy is leading the way in Europe

posted via ForexLive