While indications of an economic recovery are becoming apparent in financial markets, the real economy is still struggling, said Mario Draghi, a member of the European Central Bank's Governing Council and governor of the Bank of Italy. He also suggested that Italian banks, which are "not weighed down by a legacy of impaired assets", should capitalise on the situation. "Banks need to show foresight in assessing creditworthiness and follow the example of the bankers who financed the reconstruction of the economic boom of the 1950s and 1960s," Draghi said.

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