Reviving investment – public and private, national and European – is critical in order to jumpstart recovery. Several factors held back investment; among them: –  widespread uncertainty about prospective demand growth;  –  deleveraging by over-indebted firms;  –  difficult access to credit.
2  BIS central bankers’ speeches  Today’s overarching goal is to make the business environment more conducive to investment. Besides the implementation of country-specific structural reforms, which is of critical importance, investment requires supportive financing conditions. The Italian Presidency has placed this theme at the top of its agenda.