Mario Draghi, governor of Bankitalia and president of Financial Stability Board, placed Germany as an example for growth coupled with the austerity budget. His remark comes after the speech of Giulio Tremonti, Italian Minister of Economy, where he stressed that „the rate of growth has strengthened in the second semester of 2010, even if at a reduced speed.“ Italian banking system has remained to a great degree immune to the turbulences in the international markets, and the real estate sector suffered only marginally.“
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