The Italian economy is in trouble and needs a "substantial program of structural reforms", otherwise "we won't go ahead". This is the latest cry of alarm from Emma Marcegaglia, president of Confindustria, after the release of negative data on growth estimates for 2011. Marcegaglia said she has not received official information from the government on the economic maneuver in the gestation phase , but said he appreciates the content anticipated by the press.
In particular, the President of viale dell'Astronomia welcomed the hypothesis of intervention on pensions, health care and public employment. The industrialists are aiming for a maneuver based on spending cuts and “these matches represent three quarters of it – says Marcegaglia -. We still don't have news on the topics that the government is evaluating, but we hear of a further increase in the retirement age and it's right, of cuts in health care costs and it's useful, and of affecting the cost of public employees and this too is good" . However, those who govern the country should start setting a good example by intervening on the costs of politics. A cut that "would have little impact on public spending, but at a time when sacrifices are being asked for, it would give the maneuver credibility".
A discordant voice is instead that of Federico Ghizzoni, CEO of Unicredit: "You can't wait idly by for the necessary reforms to be made". Rather, banks need to work together with businesses to “make a contribution to growth, which requires reforms to be sustainable. In the meantime, let's work."
