Quotes by Lorenzo Codogno

“He certainly has political aspirations, and I dont think it will be the end of his career if the center-right loses. He will play an important role in the future of Italian politics.”

“There is clearly a risk now that they might be bold enough to tighten policy in December, We think they will wait until March.”

“We dont see any change this year. Economic indicators seem to suggest there will be no change in interest rates in the short term.”

“We dont see another rate rise, but we recognize that the risk is still there, due largely to oil prices -- the oil market remains vulnerable for both supply and demand reasons,”

“To be fair with Schroeder, he tried and by European standards he did do more than other governments in the past few years. But the problems in Germany are more entrenched now.”

“They were very keen to start the process early, ... But once they start, they may not continue at a rapid rate.”

“The government was very reluctant to take a position because its a very delicate situation, but now they are really turning the pressure on.”

“That whole era is gone for good and not many people will regret its passing.”

“As always, protectionism doesnt work. The past resistance to change has resulted in the Italian banking system being still affected by fragmentation, with plenty of small-scale players.”

“It would take a big global shock to change the prospects for at least modest growth in Europe.”