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A European productivity compact

· Fabio Panetta, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: public finances and debt, growth, investment and productivity

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· Fabio Panetta Wiki · Banca d'Italia WikiA European productivity compact

ContextSpeech at the 20th Spain-Italy Dialogue Forum in Barcelona; the Bank of Italy safeguards price and financial stability and worries about Europe's weak productivity.

Why it mattersItaly's governor proposes a European productivity compact partly funded by common EU debt.

Problems raised
  1. European productivity lags.
  2. Investment needs are huge.
  3. Financing is fragmented.
Solutions proposed
  1. Adopt a European productivity compact.
  2. Fund part of investment with common EU debt.
  3. Cooperate between Italy and Spain.
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