ECB’s Visco: there are no shortcuts for reducing debt

Here are some of the key highlights from the ECB Governing Council Member and Bank of Italy Governor Ignazio Visco's speech at the presentation of the central bank's annual report.

   •  There are no shortcuts for reducing debt. 
   •  Most probable scenario for Italy is moderate growth & graudally rising inflation.
   •  Seeing recovery in Italian economy, growth increasingly self-sustained.
   •  Urges Italy to press on with reforms.