The reasons for such a chronic dwarfism of the Italian corporate sector were rooted in our peculiar "doing business" ecosystem, characterized by a cobweb of laws and regulations affecting economic activity, sometimes redundant and incoherent, often inspired by an anti-market ideology; suffocating red tape; inefficient judiciary.
That is, it is up to the market to determine what enterprise debts fare well and what don’t, prices of products and consequences of default. If the market does not exercise effective constraint, we will have to use administrative and supervisory means for constraint, ensuing a series of problems.