Journal of
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Archive » July / August 2018 » The effort to strengthen Italian banks and to remove structural obstacles

The effort to strengthen Italian banks and to remove structural obstacles

Ignazio Visco
July / August 2018 - n. 7-8
Jel codes: G21, G28

The obstacles to business, innovation and the correct allocation of resources caused by rigidities and delays in public services should be eliminated. And there is clearly a need for public investment, chosen and carried out with the utmost efficiency, just as there is also need for sweeping and balanced fiscal reform to increase employment and promote economic growth. We must not cease our efforts to strengthen Italy’s banking system, particularly the smallest banks, and to eliminate the structural impediments to realizing our economic growth potential. The banks should provide the financial services that will allow firms to grow and innovate, but a system that is able to grant credit justly and efficiently, even in adverse economic conditions, needs its residual competitive disadvantages to be removed.

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