For this reason, carrying out the Plan in full is an opportunity that Italy cannot miss, especially for young people, to whom Italy has only given limited job opportunities in the last 25 years, forcing many, and often the best qualified, to build their future abroad.
This does not, however, mean that the ECB bears responsibility for objectives other than price stability. By giving its monetary policy a medium-term orientation, the ECB does show concern for, and contribute to, smoothing output fluctuations.