This text is a formal letter, whose sender is the Governing Council of the European Central Bank made by J.C. Trichet and Mario Draghi and the addressee is the Italian Prime Minister Berlusconi.

This letter can be organized into three paragraph.
The first paragraph is an introductory paragraph in which Trichet and Draghi express through a background note the purpose of their letter, in which they explain the situation in Italy's government bonds markets come out on the 4th August 2011. In addition the Government is writing in order to persuade the Prime Minister to press action, which is essential to restore the confidence of inventors.

The second paragraph quotes the Government Summit of the 21st July 2011, and after they pose their thesis: Italy's need to urgently underpin the standing of its sovereign signature and its fiscal sustainability and structural reforms. To support it, Draghi and Trichet state that steps taken by Italy aren't enough towards a balanced budget in 2014.

The third paragraph Trichet and Draghi list the urgent need: first the competition increase and so public service quality will improve. To do this, they make three point which have an explanatory function that deal with the measures that have to be taken. First of all Italy needs a reform strategy that liberalize public service, second Italy needs of a further reform of the collective wage bargaining system, in order to allow firm level agreement to tailor wages and working conditions to firms' specific needs. And finally Italy needs: a review of rules regulating the hiring and the dismissal of employees, an establishment of an employment insurance system.

Trichet and Draghi add another point as regard the immediate and bold measure to ensuring the sustainability of public finances. Now they provides some examples in order to apply them and to have some changes:
a)it is useful to intervene in the pension system, the retirement age for women that work in the private sector must be in line with people of public employees, this means that it would be a significant reduce of the cost of public employees
b)it should be introduced an automatic deficit reducing clause
c)borrowing should be placed under control.
Trichet and Draghi want to express the warning about due time to carry out reforms, in fact these point they make they have to be taken as soon as possible, the deadline is by the end of September.

The last point regards the encouragement to take measures to ensure major overhaul of the public administration in order to improve administrative efficiency.
In conclusion Trichet and Draghi trust in government that will take the appropriate actions, even if the situation is crucial.