Corriere della Sera: Italy needs growth and good budget according to Draghi

11 October 2010

"Finance reform is not a finished business. There has been progress, but there is a lot left to do,“ said Draghi, underlining how important it is to put the agreed rules into practice.

Mario Draghi, governor of Bankitalia and president of Financial Stability Board, placed Germany as an example for growth coupled with the austerity budget. His remark comes after the speech of Giulio Tremonti, Italian Minister of Economy, where he stressed that „the rate of growth has strengthened in the second semester of 2010, even if at a reduced speed.“ Italian banking system has remained to a great degree immune to the turbulences in the international markets, and the real estate sector suffered only marginally.“

NA