CERNOBBIO (Reuters) – The time to implement reforms is just warns the Governor of the Bank of Italy, Ignazio Visco, in an interview with the Republic, but still good enough, replica indirectly Economy Minister Pier Carlo Padoan, before taking part in the work of Ambrosetti workshop being held in Cernobbio.
“We have little time to see clearly and accept the overall design. And I think there must be a clear analysis also, and there must be continuity of action,” warns Visco.
The time is “enough,” Padoan said when asked to quantify how long the country has to change.
VISCO: NEED COMPREHENSIVE VISION
In a long and detailed interview, Visco does not indicate the reform more urgent to do, but speaks of “a combination of factors” to attack, such as the low level of human capital of the country, the problems of education, l ‘ inefficiency of public administration and the rigidity of the structure of production.
While pointing out that there is still much to do, Visco Italy acknowledges that it has done in recent years a number of reforms, such as the labor market, civil justice, pensions, in the wake of what was done by Spain, however, unlike Rome, began to grow again, though, points out the governor, Madrid has an unemployment rate twice that of Italian.
“A crucial point is that the same reforms may have different effects if implemented in a country where there is the perception that they will not be reviewed and will be implemented quickly, compared to a country where it is not clear where this perception or there is the fear that they may remain unrealized. ”
(Elvira Pollina)
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