Public Debt Article

Just considering the title the reader may expect the text to be about european economy. Such expectation is created by Trichet and Draghi that are two names of two very important people dealing with the economic sphere.

Focalising the attention on the lay-out an intelligent reader understands that you are analysing a letter. As a matter of fact, the text is written in italics and there are the end-page signs concluding the article. As a result the text starts with "dear" unveiling the addressee. The letter is organised into paragraphs. In the first paragraph present the writing reason. Taking into consideration the semantic choice the reader comprehends subjects and topics. The article deals with the Italian bond markets. The letter is a consequence of a meeting of the Governing Council Central Bank happened on the 4^th august 2011. In the other paragraphs it is presented the Euro situation in Italy. In addition the Council has consider some measures that are judged essential. All the methods are organised in a numbered list. In the first point, that is arranged also into other points, is about a need to enhance potential growth. It is thought very important to take decisions immediately, to improve the competition to improve public services and to design a better fiscal regulation of the labour market. It follows a list of matter needing improvement and development to make the market producing better. In the second list point, as a result of the first, is clearly shown a need to increase the sustainability of the finances. Following the previous pattern, you can find another list in which are communicated some measures to take into consideration to make the finances working better. The points deal with the deficit in the 2011, the pension system and criteria for distributing seniority pensions. Another important element unveiled by a closer reading is the necessary cuts on discretionary expenditures. Also regional and local government are mentioned because they should be more under fiscal control. It is re written the important and urgent need to take into consideration these measures till the end of September 2011. In the last but not least point the Council encourage to ensure a major overhaul of administration to aim a more efficient and friendly collaboration. What's more, it is written that health and education are important matter , and indicators of the all public entities. In the last line the Government report its trust in the immediate actions.

It is very difficult to understand because it has got a lot of specific terms highlighting the importance of this letter and its solemnity. An intelligent reader will immediately notice that there are no rhetorical devices. This aims to make the letter much easier as possible. The organisation, the syntactical arrangement conveys the idea of business affairs.

So, summing up, in this article is shown a letter sent by the Governing Council of the European Central Bank for the Italian Prime Minister as a result of a reunion on 4^th August. The main topic is the situation of Italian's bond markets. The Government proposes some devices to take into consideration to resolve the problems. The semantic field surrounding the whole text is the one of economy.