Over the past year, the economy has made considerable progress: Aggregate income is growing rapidly, business investment has begun to recover, the stock market has rebounded, and interest rates and inflation remain very low. To be sure, there are uncertainties regarding the outlook.
We believe that Italy has complete and effective legislation in this field, together with valid practices and experience, all of which will need to be turned to account in the negotiations with the Community institutions. Europe has shown that it wants to increase the stability of the financial system while preserving a high degree of integration of the markets in the area.