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ANALYSIS OF “THE EUROPEAN CENTRAL BANK’S LETTER”
by - (2011-10-05)
Up to 5C - The European Central Bank's Letter
Viewing the layout I think that this text is an article. After reading it I understand that it is a letter.
The sender of this formal letter is the Governing Council of the European Central Bank in the person of Jean Claude Trichet and Mario Draghi.
The addressee is the Italian Prime Minister.
The body of the letter is organized into paragraphs each one playing a specific function.
Paragraph one works as an introduction and resorts to background information to start the communication and explaining the reason provided.
Paragraph three illustrates a list of urgent need of measures to be taken. Points 1., 2., 3. represent the measures to be taken, while points a), b), c) are the explanations of kinds of intervention.
Need one is the competition increase, particularly in public service quality. To add regulatory and fiscal system design more suitable to support firms' competitiveness and labour market efficiency. To do that are necessary strategy reforms, review of rules, establishment of an employment insurance system.
Second need is the ensuring of immediate and bold measures for the sustainability of public finances. It would be possible carry this out thanks to additional - corrective fiscal measures, pension system interventions, put in line the retirement age of women in the private sector with one of the public employees, reduction of public employees costs, introduction of deficit reducing clause. To add borrowing should be placed under tight control.
The third need suggests taking immediately measures to overhaul of the public administration; so there is to improve administrative efficiency and business friendliness, to use performance indicators, to abolish or consolidate some intermediate administrative layers and to exploit economies of scale in local public services.
In the closing phrase J. C. Trichet and M. Draghi trust the government would take the appropriate action.
There is a straightforward use of language. Adverbs like immediately, as soon as possible, and deadlines show that actions have to be taken quickly.
The sender of this formal letter is the Governing Council of the European Central Bank in the person of Jean Claude Trichet and Mario Draghi.
The addressee is the Italian Prime Minister.
The body of the letter is organized into paragraphs each one playing a specific function.
Paragraph one works as an introduction and resorts to background information to start the communication and explaining the reason provided.
Paragraph three illustrates a list of urgent need of measures to be taken. Points 1., 2., 3. represent the measures to be taken, while points a), b), c) are the explanations of kinds of intervention.
Need one is the competition increase, particularly in public service quality. To add regulatory and fiscal system design more suitable to support firms' competitiveness and labour market efficiency. To do that are necessary strategy reforms, review of rules, establishment of an employment insurance system.
Second need is the ensuring of immediate and bold measures for the sustainability of public finances. It would be possible carry this out thanks to additional - corrective fiscal measures, pension system interventions, put in line the retirement age of women in the private sector with one of the public employees, reduction of public employees costs, introduction of deficit reducing clause. To add borrowing should be placed under tight control.
The third need suggests taking immediately measures to overhaul of the public administration; so there is to improve administrative efficiency and business friendliness, to use performance indicators, to abolish or consolidate some intermediate administrative layers and to exploit economies of scale in local public services.
In the closing phrase J. C. Trichet and M. Draghi trust the government would take the appropriate action.
There is a straightforward use of language. Adverbs like immediately, as soon as possible, and deadlines show that actions have to be taken quickly.