This newspaper article, published in Corriere della Sera, is a formal letter sent by the Governing Council of the European Central Bank to the Italian Prime Minister.

The first paragraph is an introductory one where the Governing Council clarify the current situation and the reason why the letter was written.

The second paragraph presents the thesis of the letter which is : “Italy need to urgently underpin the standing of its sovereign signature and its fiscal sustainability and structural reforms” and a statement, steps taken by Italy are not enough towards a balanced budget in 2014.

In the following paragraph the sender proposes a list of urgent needs each divided into three points. The three needs are: competition increase, immediate and bold measures to ensuring the sustainability of public finances and immediately take measures to over haul of the public administration.

This paragraph has an explanatory function as a matter of fact the Governing Council of the European Central Bank exposes measures that Italy must take.

In conclusion, at the end of the letter, the sender gives his confidence to Italy hoping for a good end for this country.