The ratio of debt to GDP rose for the second successive year, reaching 106.8 per cent. For 2007, Italy’s stability programme update of last December indicated a deficit of 2.8 per cent of GDP. In March the Combined Report on the Economy and Public Finances estimated net borrowing at 2.3 per cent.
I would like to thank the organisers for their efforts; the presenters and discussants, and the keynote speaker, for their contributions; all of you for being here to take part in this debate. Fostering interaction among researchers is important at all times: it is all the more important in unusual times such as the ones we are living in.