- Measures in part were very harsh for Italians
- Italy isn’t contagion for euro zone
- Italy, Germany, France will cooperate closely on solutions
- Further Italian measures aim at econmic growth
- Growth needs to be based on structural measures
- Need to eliminate perception of Italy as risk
- We want growth based on healthy economic structure
- Growth can’t happen without favourable European framework
- Interest rates must go down
- Need orderly reduction of interest rates and further EU integration
- Italy hopes for mechanisms to lower interest rates before growth picks up
- Good economic policies will take ‘many quarters’ before turning into growth
- Financial transaction tax would make sense
- Will support introduction of financial tax on level of EU
- Unsure about financial tax only on euro zone
That’s enough of all that!!!