- Greece has adopted very strong measures, shown will to put them in practice
- Europe is taking steps as well as to strengthen budget rules
- Italy must cut public spending to get room to reduce taxes
- Italy, other countries budget laws’ objective is return to primary surplus
- Rigorous stability pact has been positive factor for Italy
- Euro zone recovery will be slow, gradual, with highs and lows and subject to risk
- Risk to recovery are raw material prices, unemployment and changes to market structure
Maybe it’s me, but this chap’s comments always leave me cold. Hope he’s more exciting out of the office. Come on Lorenzo, pep it up a little. Born in Florence, lucky bugger.
