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Renzi debuts on the stock exchange: "Entrepreneurs, open up companies to financial capital"

RENZI'S FIRST TIME ON THE STOCK EXCHANGE - "Relational capitalism is dead" says the Premier in Piazza Affari, who then adds: "Investing is an absolute priority for us" without fear of foreign capital - Arrow at De Bortoli: "Democracy is the government of the badly educated, the aristocracy is the government of the badly educated” – Next agreement with the EU on the bad bank

Renzi debuts on the stock exchange: "Entrepreneurs, open up companies to financial capital"

“Everything that can be an incentive to invest is a top priority for us”. Matteo Renzi thus invests, with his charge of energy, the parterre of Palazzo Mezzanotte, the historical seat of the Italian Stock Exchange, populated by managers and entrepreneurs who flocked to the call of the premier. It is the right occasion for a precise warning to what remains of the traditional "strong powers". 

“Enough with relational capitalism – he immediately warned – which has produced negative effects. We need to put an end to a system based on relationships more than on transparency and on the relationship with the outside world, which calls for more dynamism and transparency". 

"That system of relationships - he continues - in which newspapers, banks, foundations and political parties have thought of moving forward all together by discussing among themselves is dead". And again: "The entrepreneurial system is vital, strong and full of energy but in Italy there is a problem of the ruling class, not just politics". 

Therefore, the premier tells the entrepreneurs "open your companies to financial capital", it matters little whether you are Italian or not. Even Chesterton's quote serves Matteo Renzi as a polemic: "Democracy is the government of the rude, the aristocracy is the government of the badly educated." Any reference to the farewell editorial by the former editor of Corriere della Sera Ferruccio de Bortoli, who had defined the prime minister as "a rude talent", is certainly not accidental.

A non-routine intervention, in short, which in any case allowed Renzi to announce an upcoming agreement with Brussels on the issue of the bad bank: "In the coming weeks - he said - the steps on bank non-performing loans and on instruments aimed at putting the banking system in the same conditions as other European countries”. 

But even in this case, the happy news served the prime minister to remove a few pebbles from his shoe. "Many Italians who work in international structures, especially at a medium level, have convinced themselves that speaking ill of Italy makes a career". On the contrary, a message addressed to the Eurocrats on the eve of the examination of the Def by the community structures, "politics does not get commissioned". 

It is not a matter of asking for preferential treatment, but "not to be subjected to prejudicially hostile behavior to our country". To be heard better and more in Brussels, then, it will be necessary to bring Italian legislation ever more in line with the European one, continuing on the path taken with measures such as the reform of the Popolari "of which Ciampi and Draghi already spoke in 98 but which we have done us". 

On the subject, the Premier remains vague, even if he mentions the opportunity to put his hand to pension funds "which in Italy are very numerous and often small, in many cases have a degree of investment in our country which is among the lowest European level, and perhaps globally". “It's a theme – he comments – on which Minister Padoan is working and I think it will be a subject on which to discuss a lot in the coming months”.

That's enough for today. The premier leaves, escorted by Andrea Guerra. Powerful and less powerful (the freshmen of the Elite program) of private entrepreneurship emerge from the room: Giuseppe Recchi, Federico Ghizzoni, Rodolfo and Marco de Benedetti, Claudio Costamagna, Gian Maria Gros-Pietro, Lapo Elkann, Brunello Cucinelli, Alessandro Profumo, Fabrizio Viola, Massimo Moratti and Marco Tronchetti Provera, Pietro Scott Jovane and Maurizio Costa. From today don't call them strong powers anymore.

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