ROME, May 31 (Xinhua) -- The Bank of Italy on Wednesday said that the ongoing conflict between Russia and Ukraine has had a sprawling impact on the economic health of Italy and Europe in general, pushing the overall median wealth and consumer confidence lower.
In its annual assessment of the previous year from an economic perspective, the central bank's Governor, Ignazio Visco, said that the Ukraine crisis has also had an impact on energy prices, which resulted in an increase in interest rates by the European Central bank, all of which had a far-reaching negative economic impact.
