The Ordinary Meeting of Shareholders, 121st financial year, took place on May 26. During the meeting, Governor Ignazio Visco read The Concluding Remarks.
"Last year was one of important changes: in Europe, by reason of the evolving institutional context and major economic and monetary policy decisions; in Italy, by reason of the quickening pace of the reform effort. It was a year of difficult choices, whose early results - significant but still fragile - must be resolutely defended. The economic recovery that got under way in Italy in the first quarter of this year is likely to strengthen in the current and subsequent quarters.
For the Bank of Italy, 2014 was a year of engagement in the euro area in formulating and implementing monetary policy and launching the Single Supervisory Mechanism, and in Italy in enhancing our services to the national community and further modernizing our organization and operations" [...]
