C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo – ITALY HAS ENOUGH RESOURCES TO RELAUNCH ITS ECONOMY: THE COUNTRY URGENTLY NEEDS PROJECTS, NOT IDEOLOGICAL WRANGLING
National governments and European institutions have mobilized and will continue to mobilize huge financial resources to counter the economic consequences of the ongoing health pandemic and to avoid a serious depression. Although the confused national political confrontation hinders the understanding of what has been done so far in Italy and in Europe, Italy already has an unprecedented amount of funds to combat the crisis.
To allow the Italian economic system to get out of the current slump and gradually resume its business safely, it is not enough, however, that these funds be large and accessible in the short term. It is also important that there are conditions for their effective, efficient and efficacious use. These conditions require that the financing and spending decisions, taken at European and national level, are not blocked by administrative obstacles or by small-time political speculations and, in the medium-long term, by the absence of a vision on the changes to be made. In both the short and long term, it is therefore necessary to create programs and use the funds for the preparation and implementation of these changes.