Eliminating administrative red tape for the building of photovoltaic and wind plants and developing the required infrastructure are key elements of the European strategy. In Italy, it is imperative to continue with the interventions to simplify the authorization procedures and to foster the development of systems for accumulating energy and of transmission networks.
For example, when the Federal Reserve lowered its federal fund rates three times last autumn, as the US financial markets became unsettled following the Russian crisis, the reason behind the move was to cushion the effects on  5  BIS Review 84/1999  prospective economic growth of increasing weakness in foreign economies and of less accommodative financial conditions domestically.