"I remember very hard to dispute what has been done by the Bank of Italy in a period of 15-20 years to save some institutions like the Banco di Napoli. The combination of these interventions has cost 0.6% of Italian GDP. The actions of U.S. authorities, those made and those planned, representing 10% of GDP and nobody says anything ". (Angelo De Mattia, former head of the Secretariat of the then Bank of Italy governor Antonio Fazio)
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