"The only help from Europe was to bring down the stock market and drive the spreads crazy. Yesterday, the Italians lost 68 billion euros in savings," he claimed.The Milan stock exchange followed global markets higher on Friday and was back up 17.7 per cent at around 1230 GMT."President Lagarde objectively made a mistake yesterday," former Italian prime minister Matteo Renzi was quoted as saying by Italy's AGI news agency.
Ms Lagarde appeared to try to walk back her comments in an interview following the ECB press conference.
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