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U.S. Markets

Global economic slowdown might trigger new financial crisis: Italy's finance minister

Italian Economy Minister Giovanni Tria holds a news conference after a Euro zone finance ministers meeting in Brussels, Belgium November 19, 2018. REUTERS/Eric Vidal

MILAN (Reuters) - Italy’s Economy Minister Giovanni Tria said on Wednesday he feared the ongoing economic slowdown at a global level could trigger a new financial crisis.

“Everybody fears a financial crisis can translate into a global economic crisis [...] My opinion is ... that the economic slowdown, especially if it were to worsen, could lead to a global financial crisis,” Tria said at an event in China.

Writing by Alessia Pe, editing by Silvia Aloisi

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