(Corrects story from March 13 to clarify that clearing was no longer an issue)
MILAN - Italy is not a threat for Europe but it faces a technical recession and its challenge is longer-term growth, ECB board member Benoit Coeure said on Wednesday.
Speaking at an event in Milan, Coeure added that the financial sector was well prepared for risks stemming from Britain’s planned exit from the European Union and clearing, which was once deemed an issue, had been addressed.
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