Carlo Azeglio Ciampi Writings in the Nuova Antologia Speech by Deputy Governor of the Bank of Italy Luigi Federico Signorini  Florence Regional Branch 12 March 2018  Introduction 1.
This is the only way to create the confidence that the new framework has popular acceptance and backing and will therefore endure. The second obstacle, which is linked to the first one, is the far-reaching amendment of the European treaties and national constitutions. This is necessary because fiscal union is not envisaged or is expressly forbidden in the existing legal framework.