"The European Central Bank's letter" is a letter to the Prime Minister written by Trichet and Draghi on 5th August 2011. The letter opens with a salutation to the Prime Minister. After that they explain the problem: the Governing Council considers that pressing action by the Italian authorities is essential to restore the confidence of investors. After that they use a quotation to reinforce their point of view and they try to solve the problem. The solutions they propose are, first of all, an increase in competition in services useful to improve their quality as well as  design  of regulatory and fiscal systems using a credible reform strategy. Moreover they coinsider it  necessary to reform the collective wage bargaining system and reviewing of the rules regulating the hiring and dismissal of employees.
In the second place, the government needs to take immediate and bold measure to ensuring the sustainability of public finances intervening in the pension system, improving deficit and, last but not least, placing the debt under tight control .
In the third place, the writers encourage the government to immediately carry out action towards the measures illustrated so far. After that, the letter comes to its conclusion with the expression of trust in Italy's ability to take necessary action.

The letter is composed of paragraphs and each paragraph has a function. In the first paragraph the writers discuss the problem, in the further paragraphs some possible solution are provided in formal language.