(ANSA) - ROME, MAY 31 - "The pandemic hit the country when it had not yet fully recovered from the damage inflicted by a double crisis, when the slow and fragmented introduction of the necessary reforms was still struggling to dissolve inodes that hinder our development. But Italy has overcome this third very serious crisis, as well as the energy shock following the Russian aggression of Ukraine, better than we expected". This was stated by the Governor of the Bank of Italy, Ignazio Visco in the final remarks, adding that this "now requires us to strengthen our international positioning. And as far as the PNR is concerned, he argues that "improvements are possible", however "there is no time to lose". In fact, the Plan "represents a rare, and overall valid, attempt to define a strategic vision for the country". It is therefore "crucial to implement the ambitious reform programme, long overdue, contained in it". According to Visco, for any changes "a continuous dialogue with the Commission is absolutely necessary as well as useful and constructive".
As far as inflation is concerned, for the Governor his return to levels in line with the objective "will be faster and cheaper if everyone - companies, workers and governments - contribute to this end, strengthening the effectiveness of the indispensable if balanced monetary normalization". And it will also be "important to keep the bar straight for the monetary response, but with the necessary gradualness for the uncertainty still not dissipated". (ANSA).
Visco, Italy better than expected, on Pnrr do not waste time
2023-05-31T08:51:15.836Z
Highlights: "The pandemic hit the country when it had not yet fully recovered from the damage inflicted by a double crisis" The Governor of the Bank of Italy, Ignazio Visco, argues that "improvements are possible", however "there is no time to lose" The Plan "represents a rare, and overall valid, attempt to define a strategic vision for the country" It is therefore "crucial to implement the ambitious reform programme, long overdue, contained in it", says Visco.
"The pandemic hit the country when it had not yet fully recovered from the damage inflicted by a double crisis, when the slow and fragmented introduction of the necessary reforms was still struggling to untie the knots that hinder our development. (ANSA)
