These actions will improve the investment climate, attract domestic and foreign direct investment and facilitate the return to financial normality and positive GDP growth rates after seven years of sacrifices, recession and stagnancy, which have taken a toll on economic and social cohesion. References: Draghi, M. (2017), “Monetary policy and the outlook for the economy”, November, www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171117.en.html.
Last December the State Council requested that the Constitutional Court rule on a number of questions regarding the reform’s constitutionality; the deadline of end 2016 for compliance with the new rules was suspended, as were some parts of the implementing provisions issued by the Bank of Italy as mandated by law.