The current degree of government intervention in the economy is justiﬁable in a crisis situation but should not become the new normal. For instance, the measures could hinder necessary structural change. When enterprises with outdated business models remain on the market, they tie up production factors that could be deployed more productively elsewhere.
Basically, in the end, when you look at the situation the Italian economy is in, the challenges facing Italy are pretty straightforward. Its public debt is at a very high level. € trillion. Exactly. And its productivity, its productivity growth – so its potential, structural growth – is very weak compared with that of other large European countries.