The abolition of the ban on the cumulation of pensions and earnings moves in the direction of increasing the rate of employment of persons aged 60 and  8  BIS Review 94/2008  over, which in Italy is still relatively low.
A stable financial system is able to absorb financial or business cycle shocks even if and when they exceed the capacity of the individual market participants. On the other hand, major price shocks or a credit crunch could harm the economic allocation mechanism which may cause severe real losses in production and growth.