In this regard, how do you view the recent package of austerity measures proposed by the Italian government? These measures decided by the government in its announcement on 5 August are of extreme importance to rapidly reduce public finance deficits and enhance the flexibility of the Italian economy.
Over the past fifteen years or so, technical assistance to improve the legal and regulatory framework of the financial sectors of SEE countries and the implementation and enforcement capabilities of the competent national authorities has been provided in various forms by international organisations such as the IMF, the World Bank, and the BIS.