Regardless of whether you have budget problems or not, you have to be sure that you are progressively regaining an appropriate level of cost competitiveness. 11) What about the second question? Answer: Then you have the second question associated with the budget situation: the goal is very clearly the rigorous implementation of the Stability and Growth Pact.
And the way you do it logically is by reducing public spending as a priority and then by increasing taxes if and when needed. 12) Are you concerned that Italy and other countries with difficult deficit and debt positions may put the euro at risk? Answer: No. The euro is a very solid currency of which we are ourselves the guardians.