What I want to explore here is how the public and private sectors can interact to enhance the development of the “economic” capital of individuals. By “economic” capital I mean the ability of individuals to contribute more productively at work - as employees or entrepreneurs - or in their personal lives, as managers of their own economic and financial affairs.
The ability of national budgets to counter adverse cyclical phases must also be safeguarded. Individual countries must continue their efforts to enhance the soundness and the growth potential of their economies. Italy has taken several important steps that are now beginning to bear fruit. Had we not done so, the Greek crisis would have had serious repercussions.