Even the spread between mortgages of over € million and the small-sized ones, up to € has got smaller. Positive effects can also be seen in lending volumes. Our Bank Lending Survey points to similar trends. On the whole the attitude of Italian banks with regard to lending has changed; lending standard have become easier and continue to improve.
There has been some recovery in Italy. You have hoped to transform this recovery from “cyclical to structural” through reforms. Are there areas for reform in Italy that should be tackled more urgently by the government? These are political choices, which should be left entirely in the hands of governments. The menu of structural reforms is well known.