The “irregular pace” with which countries vaccinate the population against Covid-19 “is the greatest threat to a global economic recovery”. This is what the governor of the Bank of Italy, Ignazio Visco, said in an interview published on the Financial Times website. “The main tool we have at the moment is neither monetary nor fiscal, they are vaccinations”, he explained, adding that it is necessary “to maintain close international cooperation within the G20 to prevent the different phases of the vaccination campaign in the various countries. result in excessive divergences of the respective economies “.

“We must not waste what we did last year: one of the main lessons from past crises is that we must be very careful not to remove the support measures too soon,” said the governor of the Bank of Italy. “The vaccination campaign allows us to see the light at the end of the tunnel, but we can’t go wrong,” he reiterated.

Compared to the package of measures in the United States to tackle the crisis, “the European Union’s Next Generation plan has a completely different nature because, although smaller in size, it will mainly consist of infrastructure investments,” Visco explained. “This choice is also due to the fact, usually overlooked by many commentators, that very large aid packages have been implemented in Europe, and are still operational, at the level of national governments,” he said.

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