“This year we expect the Italian GDP to drop by around 1,5% and return to positive territory in 2014 with growth of less than 1%, and therefore anemic. We are concerned that both domestic demand and exports will grow at rather low or lower rates than would be desirable, but we believe that the issue must be addressed by all European governments'.
Speaking to 'Radiocor' on the sidelines of the conference 'The growth of the bond market: an opportunity for Italian companies', Jean-Michel Six, Chief Economist Emea of Standard & Poor's, explains that 'there is no Government that alone within of Euroland is able to solve the problems of its own country. I'm talking about Italy, France, Spain. Of course there are differences between these countries, but the long-term solutions are a combination of European initiatives and local initiatives: you have to walk on two legs'.
