To this purpuse: allo scopo di
To evhance: favorire
To move in: muoversi verso
Under discussion:
To challeng: sfidare
To design: progettare
To siutted to: adatte a
To aplly: applicarsi a
A nead to further: ulteriore bisogno di prove
To allow: permettere
To tailor: tagliare su misura
Trade union: sindacati
Through: complessivo
To hire: prendere in prestito
To employ: dare impiego
Insurance: assicurazione
To ease: facilitare
To ensure: assicurare
To frontload: anticipare
The aim: la finalità
To aim: essere finalizzato a
To achieve: raggiungere/ottenere
Via: attraverso
Digning: allineare
Retirement age: età del pensionamento
Saving: risparmi
To consider: prendere in esame
Turnover: ricambio
Wage: salario
Clause: clausola
Expenditure: spesa
To borrow: prenedere in prestito
To lend: dare in prestito
In line with: coerente a
Ongoing: in svolgimento
In view of: in vista di
Above: sopra (senza contatto)

Analysing of Trichet and Draghi's letter

The text is a formal letter sent by The Governing Council of the European central Bank (Trichet and Draghi) to Italian Prime minister. The first paragraph introduces the writing reasons and the negative situation of Italian bond market. The governing council considers essential the pressing action by the Italian authorities. The thesis, exposed in second paragraph, is that Italy's need urgently underpin the standing of its sovereign signature and its fiscal sustainability and structural reforms. The third paragraph shows a list of what Italy need to achieve a sufficient level. It has a explanatory function. First of all is needed increase the competition, improvement public's service, to design a regulatory and fiscal system suited to support competiveness and efficiency of labour market. Intervention for this first need consist in reform strategy as liberalization of public service, to reform the collective wage bargaining system ( with agreements at firm level ), review of rules regulating the hiring and dismissal of employees, establishment of an employment insurance system, institution of a set of market policies to ease the distribution of resources toward the more competitive firm and sector. The second urgent Italy's need is take measure to ensuring the sustainability of public finances through some steps: intervention in pension system, reducing the cost of public employees and wages (if necessary), introduction of reducing clause. The Governing council urges the government to take with decree-law all the action above listen. The last advice give to Italy is to take measure to overhaul of the public administration in view of improve administrative efficiency and business friendliness. This measures consist in using performance indicators, abolishing or consolidating of some intermediary administrative layers. Summarized Italy is warmly invited to adopt this measures to raise it negative economic situation.