Italy "is at a crossroads: it can choose the path of reform and growth in a context of stable public finances or, conversely, slide ineluctably towards economic and social decline". Giuseppe Mussari, president of ABI, does not mince words, who this morning, speaking at the ACRI conference for World Savings Day, underlined how “our actual and potential growth remains unsatisfactory. A shock is essential”.
Mussari then made a direct appeal to the Government: “The time to postpone or wait has expired: now is the time to do, and we need to do, quickly and well, as we know and can. As our history shows. We have put forward our proposals for the first necessary and urgent actions: they can be improved and we have been ready to discuss them for some time now. We are ready to evaluate alternative proposals from the Government, but we are no longer willing to witness the daily destruction of wealth, savings, work due to postponements and hesitations in making the choices that the moment requires".
According to the president of Abi, "current spending must be severely limited". Only in this way “will the many wastes finally be eliminated, the unbearable costs of politics reduced, but also very important sectors such as healthcare and pensions, whose reform is unavoidable, will be made efficient. The planned cuts must be implemented, and above all it is necessary to hit unproductive spending".
Italy "has solid fundamentals - concluded Mussari - it is not the weak link in the EU, above all by virtue of an "extremely solid" banking industry, a "low aggregate debt, a level of deficit under control, a surplus already important and which after the corrective interventions will grow over time, highly patrimonial families with little indebtedness".
