Italy can confront current financial market tension without asking for the activation of the European Central Bank's bond-buying scheme, Bank of Italy Governor Ignazio Visco told daily La Stampa on Sunday. While a deep recession and political uncertainty will weigh on the country in coming months, the central banker said he believes Italy has overcome the worst phase of the debt crisis. The ECB's Outright Monetary Transactions (OMT), or bond-buying scheme, is a tool created to face deep financial difficulties, said Visco in the interview. "Italy suffered from such deep problems at the end of last year but it ... (full story)