ECB’s Visco: Uncertainty looms great on global economy

European Central Bank (ECB) Governing Council member Ignazio Visco said on Friday, “uncertainty looms great on global economy.”

Additional quotes

Uncertainty looms great on the global economy.

Markets worried about Italy's inability to grow.

But the Italian economy has the potential to grow more.

No signs that Italian spreads are at a level that requires ECB action.

Market reaction

EUR/USD was last seen trading at around 1.0550, up 0.26% so far.