International finance is still dominated by “too many uncertainties about the rules for hedge funds, derivatives and rating agencies“. This is the alarm raised today by Joseph Guzzetti, president of Acri, during his speech at the “Savings Day“, an appointment organized in Rome by the association of banking foundations.
As for the Italian situation, Guzzetti believes that in order to relaunch development it is necessary to "give strength and continuity to policies to support innovation". There is therefore no need to "postpone further liberalization and simplification", in order to "fill the visible gap in the field of infrastructures and attribute effective centrality to training, excellent human capital and research".
The President of ACRI believes that only in this way "we will be able to affect what is the most serious consequence of today's crisis and at the same time a cause of recession: i.e. unemployment, which has increased by more than two percentage points in twelve months and between young people come close to 35%”.
At today's meeting are present, among others, the governor of Bank of Italy, Ignazio Visco, the minister of the treasury, Victor Grilli, and the president of Abi, Joseph Mussari. The latter, narrowing his gaze to the topic of savings, urged "rediscover land records".
As for productivity, for Mussari it is necessary to find "a high agreement as soon as possible: it would be a step forward not only for this or that sector, but for the entire Italian economy".
Mussari he then illustrated the Abi's position, based on "two unavoidable points": first of all "the connection of a significant part of wage increases to the degree of productivity recorded in the company" and then "overcoming the rigidity that characterizes the organization of work in Italy”.
