Trichet wrote secret letter to Italian govenment

View Comments

According to Milan daily Corriere della Sera, ECB President Trichet wrote a secret letter to the Italian government last week “dictating” what they should do in the way of economic reforms.

The letter set out what measures should be taken and gave a timetable for their implementation.  Apparently the letter asked for rapid privatization of municipal assets, liberalization of various sectors and offered detailed suggestions on how to loosen Italy’s employment laws.

The letter was co-signed by Mario Draghi who is to take over from Trichet later this year.


All|Central Banks|Economic Analysis|Economic Data|Europe|Market Rumors|Politics|Regions

ECB|Italy|italy economy|Trichet

Gerry Davies


  1. hi Gerry , this video is worth a watch about the real economy in australia
    The Reserve Bank decided to keep interest rates on hold yet again. And with good reason.:
    Record numbers of Australians are struggling to keep up with their mortgage repayments

  2. Hi Chris, thanks very much :)

  3. Wait a letter from central banker calling the shots a secret? Then someone leaked it….. Sometimes I wonder if we will ever get beyond south-sea bubble mentally .

  4. Technically its an ultimatum but being delivered by Mario its a secret letter !! :-)

  5. Gerry,Side not updating,)last mesage 8/am.thanks


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.