As I also noted on 31 May, the Italian economy’s loss of competitiveness is the consequence of long-term trends; partly owing to an especially difficult international environment, the deterioration has not been halted in the last few years. It is necessary to act on several fronts and set in motion an improvement of the factors underlying growth.
It is necessary and possible to react, in Italy and at European level, so as to be able to participate in what promises to be a strong and prolonged recovery of the world economy.