Textuality » 4A Interacting
The letter we have read, is written by Jean Claude Trichet (president of the European Central Bank) and Mario Draghi (president of the Italy Bank) to the prime Italian Minister, in the date of 5th August 2011. The language used is very specific because the addressee works in the same sphere of the senders. Besides the letter is organized in some points that I will explain successively. This letter explains that the Governing Council of the European Central Bank discussed about the crisis and in particular to the situation in Italy's government bond markets, saying is essential to restore the confidence of investors. The opinion of the Governing is that Italy needs to support the standing of its sovereign signature and to do structural reforms. In the letter follows a list of essential measures to prevent these enormous problems. The most important things to do are:
- to enhance potential development (to increase competition, to improve the quality of public services and to design a fiscal system)
- to take measures to ensure the sustainability of public finances (to intervene in the pension system, to bring into line the retirement age of women in private sector, to consider reducing the cost of public employees by reducing salary)
-to take measures to ensure a major renovate of the public administration in order to improve administrative efficiency and business friendliness
-To abolish or consolidate some administrative layers (such as the provinces)
This main points are deepen in a way more accurate, using the language of politics. To conclude, the two presidents say that Italy needs to change radically in a lot of things ( lays, structure, etc.) even if this will not be easy, but it is a necessary step to return to be one of the most important state of Europe.